JOLIMARK Announces Proposed Share Placement at a Discount to Raise Up to HKD 13 Million

Stock News

05/26

JOLIMARK (02028) has disclosed a plan to issue up to approximately 122.6 million new shares through a placement agent. The placement price is set at HKD 0.11 per share, representing a discount of about 17.29% compared to the closing price of HKD 0.133 per share on the day. Should the placement be fully completed, the net proceeds are estimated to be around HKD 13 million. These funds are intended to be used for the company's general working capital purposes.

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