Innovative Pharmaceutical Biotech Limited Announces New Share Issue Under General Mandate

Reuters

05/30

Innovative Pharmaceutical Biotech Limited Announces New Share Issue Under General Mandate

Innovative Pharmaceutical Biotech Limited has announced the issuance of new shares under a general mandate. The company, which is listed on the Main Board of the Stock Exchange, is set to issue up to 344,638,604 shares, representing about 20% of its current share capital. This decision follows the approval of the general mandate at the company's annual general meeting. The subscription involves 137,600,000 shares priced at HK$0.176 per share. Investors are advised to exercise caution when dealing with the company's securities.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Innovative Pharmaceutical Biotech Limited published the original content used to generate this news brief on May 30, 2025, and is solely responsible for the information contained therein.

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