China Baoli Technologies places 38.44 million shares at HK$0.40 each

Reuters03-30

China Baoli Technologies places 38.44 million shares at HK$0.40 each

China Baoli Technologies entered 12 subscription agreements on March 30, 2026 to issue 38.44 million new shares at HK$ 0.40 each under its general mandate.
Gross proceeds set at HK$ 15 million; net proceeds estimated at about HK$ 13 million.
Funds earmarked for working capital for Mongolia dry grinding and dry beneficiation projects, including equipment procurement, testing, staffing, logistics, and R&D.
New shares equal about 13% of existing issued share capital; company will seek Stock Exchange approval to list subscription shares.

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. China Baoli Technologies Holdings Limited 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-20260330-12080371), on March 30, 2026, and is solely responsible for the information contained therein.

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