China Tianbao Issues Shares 68.5 Million Shares to Partially Pay Debt; Shares Slide 4%

MT Newswires Live

2025/01/09

China Tianbao (HKG:1427) plans to issue 68,480,000 shares to Eighty Eight Dragons at HK$0.408 apiece, according to a Wednesday filing with the Hong Kong stock exchange.

The shares are issued to partially pay debts Tianbao borrowed from Eighty Eight Dragons, the filing said.

Shares fell 4% during Thursday's afternoon trading.

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