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China ZhengTong Auto Services to Raise Over HK$59 Million From Share Placement
Zhengtongauto (01728.HK) plans to offer a discount of approximately 13.79% and issue a total of 0.4799 billion shares, raising a net of HKD 59.33 million.
On July 25th, Gelunhui reported that Zhengtong Auto (01728.HK) had signed two subscription agreements with two subscribers on July 25th, 2024. Accordingly, the company has granted permission to issue and distribute the subscription shares, while the two subscribers have agreed to subscribe for a total of 479,888,000 shares at a subscription price of HKD 0.125 per share. The subscription price is equivalent to a discount of about 13.79% to the closing price of HKD 0.145 per share reported by the HKEX on July 25th, 2024 (i.e., the day of the subscription agreements). The total number of subscription shares is
Zhengtongauto (01728) plans to offer approximately 13.79% discount to issue approximately 0.48 billion subscription shares, with a net raised fund of approximately HKD 59.33 million.
Zhengtongauto (01728) announced that on July 25, 2024, the company plans to issue shares to Yang Liguo and Li Xiaofeng jointly...
Express News | China ZhengTong Auto Services - to Allot and Issue 479.9 Mln Subscription Shares at HK$0.125 per Share
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