Innovative Pharmaceutical Seeking Over HK$60 Million via Share Sale

MT Newswires Live
2025/08/22

Innovative Pharmaceutical Biotech (HKG:0399) said it was looking to raise HK$60.2 million via the sale of 145 million shares at HK$0.415 each, according to a Hong Kong bourse filing Thursday.

The beauty equipment company is seeking funds to develop its blockchain technology business.

The shares represent 6.77% of the company's issued share capital, and 6.34% on an enlarged basis.

CNI Securities Group is serving as placing agent.

Shares of the company were up 3% in afternoon trade Friday.

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