Metaspacex Details Use of HK$50 Million Share Subscription Proceeds
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Metaspacex Limited has announced the planned use of approximately HK$50 million from a share subscription of 16.7 million new shares at HK$3.0 each. Half of the funds will be allocated to develop business cooperation with Guangzhou Xinglun Safety Industry in industrial IoT and smart manufacturing, while the rest will support subcontracting costs and operational expenses. The company expects to fully utilize the proceeds by the end of 2026. The subscription is subject to conditions, and the current analyst rating for Yield Go Holdings Ltd. (HK:1796) is a Hold with a price target of HK$3.00.
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