Brightstar Technology Group Co. Ltd. has announced a connected transaction involving the issuance of new shares under a specific mandate. The company plans to allot and issue 210,385,576 subscription shares at a price of HK$0.137 per share. The subscription will be made by Mr. Yeung Ho Ting Dennis, an executive director of the company, under the terms of the Subscription Agreement. The specific mandate for this share issuance will be sought from independent shareholders at an extraordinary general meeting (EGM). This move is part of the company's strategy to enhance its capital structure.
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