Everest Medicines Ltd. Completes Private Placement and Top-Up Subscription of Shares Under General Mandate

Reuters
08/01
Everest Medicines Ltd. Completes Private Placement and Top-Up Subscription of Shares Under General Mandate

Everest Medicines Limited, incorporated in the Cayman Islands and listed under Stock Code 1952, has announced the completion of a placing of existing shares and a top-up subscription of new shares under a general mandate. The company successfully placed an aggregate of 22,561,000 sale shares through placement agents, on a best effort basis, to not less than six placees, at a purchase price of HK$69.70 per sale share. This strategic move is part of the company's efforts to optimize its capital structure and support its ongoing business initiatives. Everest Medicines' Board, led by Chairman and Executive Director Wei Fu, expressed satisfaction with the successful completion of the transaction.

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. Everest Medicines Ltd. published the original content used to generate this news brief on August 01, 2025, and is solely responsible for the information contained therein.

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