crashbandicootpsvita| New Technology (09600): Proposed placement of 157.3 million shares to raise approximately HK$43.6 million, with a stock price discount of 17.65%

Newsletter summary

New New Zealand Technology Plan to place about 1Crashbandicootpsvita57.3 billion shares will be allotted at a price of HK $0.28, a discount of 17.65% to the market price. If the full placement is made, about HK $43.6 million will be raised to supplement working capital.

Text of news flash

New New Zealand Technology (09600) recently announced an important fund-raising operation. On May 7, 2024,CrashbandicootpsvitaIn its announcement, the company disclosed that it plans to place up to about 157.3 million placing shares to not less than six Placees at a placing price of HK $0.28 per share through the placing Agent. The move will increase New Zealand's equity by about 16.67 per cent. The placement price is about 17.65% off the day's closing price of HK $0.34 per share, showing the company's sincerity in attracting investors. Assuming that all the placing shares have been placed, New Zealand Technology is expected to raise a net of about HK $43.6 million. The company made it clear that the funds will mainly be used to supplement the general working capital of the group to support the sustainable development of the company. The fund-raising action of Xinnew Technology will undoubtedly have a positive impact on the financial situation of the company. By increasing its equity, the company will be able to further enhance its operational capacity and market competitiveness. Investors can keep a close eye on the follow-up developments of New New Zealand Technology to assess its investment value. It is worth noting that Xinnu Technology's fund-raising scale is relatively small, but its fund-raising purpose is clear, and its financing method is in line with market rules, which shows the company's respect for market laws and confidence in future development. In the current economic environment, this move of New New Zealand Technology will undoubtedly inject new vitality into its future development. Overall, the fund-raising of Xinnu Technology is a positive sign that the company is actively looking for new ways of financing to support its business development. Investors can pay attention to their subsequent financial reports and market performance to better evaluate the value of their investments.

Tags:

Prev: crashteamracingnitrofueledswitch| Instacart(CART.US) and Uber(UBER.US) join forces to directly attack DoorDash(DASH.US) hinterland distribution market is undergoing tremendous changes?
Next: pokerstore| Jiu 'an Medical (002432.SZ): U.S. subsidiary's third joint inspection of OTC products obtained U.S. FDA EUA authorization