Huanxi Media Brings In New Strategic Investor With Share and Warrant Issue
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Huanxi Media Group Ltd. has raised capital by issuing 727,638,000 new shares and 731,294,472 warrants to C River Limited, increasing its share capital significantly. The new shares were priced at HK$0.30 each, while the warrants have an exercise price of HK$0.44. C River Limited now holds 16.60% of Huanxi's enlarged share capital, which could increase to 28.52% upon full warrant exercise. This move dilutes existing shareholders' stakes and may enhance Huanxi's funding and strategic flexibility for future growth.
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