Grand Power Logistics Completes HK$2.83 Million Share Placement

Reuters03-06

Grand Power Logistics Completes HK$2.83 Million Share Placement

Grand Power Logistics Group Ltd. said it completed a placing of 7,575,000 new shares under its general mandate at HK$0.373 per share, placing the shares to three independent investors. The company said gross proceeds were about HK$2.83 million and net proceeds about HK$2.63 million, which it plans to use for general working capital, including staff costs, professional fees, rent and other operating expenses.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Grand Power Logistics Group Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260306-12044838), on March 06, 2026, and is solely responsible for the information contained therein.

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