Canbridge Pharmaceuticals Announces Completion of Private Placement, Raising HK$22.6 Million Through New Share Subscription

Reuters

2025/09/28

Canbridge Pharmaceuticals Announces Completion of Private Placement, Raising HK$22.6 Million Through New Share Subscription

Canbridge Pharmaceuticals Inc. has announced the successful completion of a private placement of new shares under its general mandate. The company allotted and issued a total of 9,996,196 new shares to subscribers at a subscription price of HK$2.26 per share, following the fulfillment of conditions set out in the subscription agreements. The proceeds from this offering are expected to support the company's ongoing business development and operational needs. Dr. James Qun Xue, Chairman of Canbridge Pharmaceuticals Inc., confirmed the closing 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. Canbridge Pharmaceuticals Inc. published the original content used to generate this news brief on September 28, 2025, and is solely responsible for the information contained therein.

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