Individual Investor Subscribes to HK$59 Million Sirnaomics Shares

MT Newswires Live10-03

Sirnaomics (HKG:2257) announced the subscription of HK$58.9 million worth of shares by an individual investor, Poon Hung Fai.

Poon will subscribe to 17,527,696 new shares, representing approximately 20% of Sirnaomics' existing issued share capital and 16.7% post-dilution, according to a Wednesday filing with the Hong Kong bourse.

The subscription price is set at HK$3.36 per share, offering a 20% discount on the closing price on the date of the agreement.

The company plans to use the proceeds for general working capital.

The completion of the subscription deal is subject to conditions, which both parties must meet by Nov. 30.

Price (HKD): $3.20, Change: $-0.16, Percent Change: -4.76%

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