Solartech International Holdings Limited has announced a placing of new shares under its general mandate. The company stated that the placing price was set to align with fair market value, aiming to balance attracting independent investors with the protection of existing shareholders' interests. The board, including independent non-executive directors, considers the terms of the placement to be fair and reasonable and in the best interests of both the company and its shareholders. The move follows an assessment of alternative fundraising options, with the company noting limited market interest and challenges in securing debt financing.
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