China Baoli Technology Completes Share Placement, Raising Approximately HK$8 Million

Stock News06-01

China Baoli Technology (00164) has announced the successful completion of its share placement plan.

The company issued a total of 19.77 million subscription shares at a price of HK$0.42 per share, which represented a discount of approximately 19.23%.

All conditions precedent under the subscription agreement were fulfilled, and the placement was finalized on June 1, 2026, in accordance with the agreement's terms.

The net proceeds from the placement, after deducting professional fees and other related expenses, amount to approximately HK$8 million.

These funds will be allocated for the purposes as outlined in the company's original announcement.

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