Jiangsu Lopal Tech Announces Major Equity Transaction

TipRanksDec 20 09:39 ET

Jiangsu Lopal Tech (02465.HK)'s subsidiary LBM New Energy (AP) Pte plans to increase its capital and introduce investors.

On December 20, Glonghui announced that Jiangsu Lopal Tech (02465.HK) entered into a subscription agreement on December 20, 2024, with the target company LBM New Energy (AP) Pte. Ltd (a non-wholly-owned indirect subsidiary), existing shareholders, and investors, under which INA and Aisis conditionally agreed to subscribe, and the target company conditionally agreed to issue subscription shares to INA and Aisis, equivalent to approximately 34.01% and 11.34% of the enlarged share capital of the target company upon completion, with subscription prices of 0.15 billion US dollars respectively.

Gelonghui FinanceDec 20 09:28 ET

Express News | Jiangsu Lopal Tech - Total Subscription Price of USD200 Mln

ReutersDec 20 09:18 ET

Express News | Jiangsu Lopal Tech - PT Akasya Investasi Indonesia & Aisis Alliance L.p. to Subscribe for 34.01% & 11.34% of Enlarged Share Capital of Unit

ReutersDec 20 09:17 ET

Hong Kong Stock Midday Review | Hang Seng Index rose 0.16% in the morning session, with the chip sector collectively rising.

The top ten global foundry production value reached a record high in the third quarter, and significant achievements have been made in independent and controllable foundry technology.

Zhitong FinanceDec 19 23:00 ET

Hong Kong stock movement | Jiangsu Lopal Tech (02465) surged over 15% on rumors that BYD is temporarily tendering for lithium iron phosphate, with the supply and demand for lithium iron phosphate gradually improving.

Jiangsu Lopal Tech (02465) surged over 15%, as of the time of writing, it rose 12.24%, priced at 4.95 Hong Kong dollars, with a transaction volume of 49.1371 million Hong Kong dollars.

Zhitong FinanceDec 17 21:50 ET