China Baoli Technology (00164) completed the issuance of a total of 9.7561 million subscribed shares

Zhitong Finance App News, China Baoli Technology (00164) issued an announcement. All the prerequisites contained in the subscription agreement have been fulfilled and fulfilled, and the subscription was completed in accordance with its terms and conditions on October 18, 2024. A total of 9.7561 million subscribed shares were successfully allotted and issued to the subscribers at a subscription price of HK$0.410 per subscribed share in accordance with the terms and conditions of the subscription agreement.

The amount of HK$2 million of the net cost of the subscription will fully offset part of the Company's loans to the third and fourth subscribers on an equal basis. The remaining amount of the subscription (after deducting professional fees and other related costs and expenses arising from the subscription) of approximately HK$1.9 million will be used for the purposes set out in the announcement.