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15/07/2021 10:40

China Baoli Tech (00164) to raise HK$74.43 million

[ET Net News Agency, 15 July 2021] China Baoli Technologies Holdings Limited (00164)
said it proposes the consolidation of every ten issued and unissued existing shares of par
value of HK$0.1 each in the authorised share capital of the company into one consolidated
share of par value of HK$1 each in the authorised share capital of the company.
The company also proposes to raise up to approximately HK$74.43 million before expenses
by way of the rights issue, by issuing up to 186,078,061 rights shares at the subscription
price of HK$0.4 per rights share on the basis of one rights share for every two new shares
held on the record date. The net proceeds are estimated to be not more than approximately
HK$70 million. (RC)

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