Sirnaomics (HKG:2257) said it agreed to issue HK$11.4 million worth of shares to an individual investor, according to a Monday filing with the Hong Kong bourse.
The biotechnology company's shares gained nearly 12% in morning trade Tuesday.
The company will issue 2.4 million shares at HK$4.69 apiece to Tse Shek Ho, a vice president of the group's corporate management department.
Proceeds from the share sale will be used for general working capital.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments