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Comba Telecom Systems to Raise HK$372 Million via Share Placement
Hong Kong stocks movement | COMBA (02342) fell by more than 13% at one point during trading, planning to issue new shares to a third party at a discount of 1.8%. Last year's loss reached up to 0.6 billion Hong Kong dollars.
COMBA (02342) opened high this morning and once surged nearly 11%, but then plummeted and experienced a drop of over 13% during the session. As of the time of writing, it has fallen by 3.6%, priced at 1.07 Hong Kong dollars, with a trading volume of 0.129 billion Hong Kong dollars.
Comba Telecom Announces New Share Subscriptions to Strengthen Capital
COMBA (02342.HK) has entered into a subscription agreement.
On February 17, Gelonghui announced that COMBA (02342.HK) has entered into a subscription agreement A with subscriber A, Ocean Link Investment Limited, whereby subscriber A conditionally agrees to subscribe for and the company conditionally agrees to allocate and issue a total of 310,407,322 new shares at a subscription price of HK$1.09 per share; and (b) has entered into subscription agreement B with subscriber B, Intel Capital Corporation, whereby subscriber B conditionally agrees.
Express News | Comba Telecom Systems - Intel Capital Corp to Subscribe for 31.0 Mln New Shares at HK$1.09 per Share
Comba Telecom Maintains Stable Share Capital in January 2025
