Vobile Group Ltd., a company incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange, has announced a placement of new shares under a general mandate. The company has entered into an agreement with CLSA Limited, acting as the sole overall coordinator and sole placing agent for this transaction. The new shares are being offered at a subscription price of HK$3.78 per share. The placement is being conducted under the authority granted by shareholders at the company's annual general meeting in June 2024, allowing for the issuance of up to 454,488,731 shares. This move aims to raise capital for Vobile Group Ltd., further supporting its business operations and growth initiatives.
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