Zhitong Finance APP Newsbonusgamedownload, China Baoli Technology (00164) issued an announcementbonusgamedownloadOn May 7, 2024, the company plans to place up to 1,680 sharesbonusgamedownload.30,000 placed shares, equivalent to approximately 16,000 issued share capital of the company after the expansionbonusgamedownload.67%。The placing price was HK$1.030 per placing share, a discount of approximately 16.94% to the closing price of HK$1.240 per share on May 7.

Assuming the placing agent successfully placed all the placing shares, the total proceeds from the placing will be approximately HK$17 million and the net proceeds will be approximately HK$16 million. The Directors intend to use the entire net proceeds to settle the Group's outstanding liabilities in the amount of approximately HK$11.2 million; develop the Group's business in the amount of approximately HK$3.2 million; and the Group's general working capital in the amount of approximately HK$1.6 million.