HAO BAI INTL plans to issue a rights offering at a discount of approximately 19.23% based on "1 for 4," aiming to raise a maximum net amount of about HKD 36.91 million
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According to the Zhitong Finance APP, HAO BAI INTL announced that the company plans to issue up to approximately 182 million rights shares based on a "1 for 4" ratio, with each rights share priced at HKD 0.21, representing a discount of about 19.23% compared to the closing price of HKD 0.26 per share on the last trading day on the Stock Exchange. Assuming all rights shares are fully subscribed, the net proceeds will be approximately HKD 36.91 million, which will be used to repay debts, fund newly awarded renovation and decoration projects, and for general working capital
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