---
title: "INNOVATIVE PHAR issues new shares at a discount of 19.63%, raising HKD 24.22 million"
description: "INNOVATIVE PHAR announced the issuance of a total of 137.6 million new shares to independent third party Erick Wong, equivalent to an expanded share capital of 7.02%; the price per share is HKD 0.176,"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/242713486.md"
published_at: "2025-06-01T11:56:11.000Z"
---

# INNOVATIVE PHAR issues new shares at a discount of 19.63%, raising HKD 24.22 million

> INNOVATIVE PHAR announced the issuance of a total of 137.6 million new shares to independent third party Erick Wong, equivalent to an expanded share capital of 7.02%; the price per share is HKD 0.176, representing a discount of 19.63% compared to the closing price on the previous trading day (30th). The total amount raised is HKD 24.22 million, with a net amount of HKD 23.92 million, intended for general working capital

INNOVATIVE PHAR (00399.HK) announced that it will issue a total of 137.6 million new shares to independent third party Erick Wong, equivalent to an expanded share capital of 7.02%; the price per share is HKD 0.176, a discount of 19.63% compared to the closing price on the last trading day (30th). The total amount raised is HKD 24.22 million, with a net amount of HKD 23.92 million intended for general working capital

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.