Black Sesame International Plans HK$633 Million Share Subscription to Bolster Capital
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Black Sesame International Holding Limited plans to raise approximately HK$633.3 million through a share subscription agreement for 33,544,600 new shares at HK$18.88 each, representing about 4.99% of its existing share capital. The subscription price is slightly discounted compared to recent market prices. The transaction is subject to regulatory approval and may not proceed, prompting caution for shareholders. The company, listed on the Hong Kong Stock Exchange, aims to strengthen its capital base with this move.
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