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GBA Holdings Announces Share Placement to Raise Capital
GBA HOLDINGS (00261.HK) plans to issue up to 0.194 billion shares at a discount of 19.44%, raising a net amount of 15.7 million HKD.
On December 31, GBA HOLDINGS (00261.HK) announced that on December 31, 2024, the company entered into a placement agreement with the placing agent, under which the placing agent (as the company's agent) conditionally agreed to use its best efforts to place no fewer than six subscribers (and their ultimate beneficial owners must be independent third parties) to subscribe for up to 194,016,000 placement shares at a placement price per share of HKD 0.087. The placement shares represent approximately 20.0% of the total existing issued shares as of the announcement date; the placement price of the placement shares is HKD 0.087 per share compared to the shares in the placement agreement.
Express News | GBA Holdings - to Place Not Less Than 6 Placees to Subscribe for up to 194 Mln Shares at HK$0.087 per Placing Share
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