China Baoli Tech Expands Share Base by 38% Through HKD 0.48 Subscription, Issuing 132.68 Million New Shares

Bulletin Express

Oct 13

China Baoli Technologies Holdings Limited (China Baoli Tech) has enlarged its share capital by issuing 132.68 million new ordinary shares to 20 subscribers at HKD 0.481 per share.

The transaction, completed on 13 October 2026 under previously announced subscription agreements (28 August 2026) and detailed in a circular dated 18 September 2026, represents a 38.0% increase in the company’s issued share capital relative to the 349.26 million shares outstanding as at 30 September 2026.

Following the allotment, China Baoli Tech’s total issued shares rose to 481.95 million. The placement price implies gross proceeds of approximately HKD 63.82 million (about USD 8.17 million), based solely on disclosed figures. No treasury shares were held before or after the transaction, and the company reported no share repurchases or redemptions during the period.

The board confirmed that the share issuance complied with all applicable Hong Kong Stock Exchange listing rules, relevant laws, and regulatory requirements. No additional information on share buybacks, treasury-share sales, or redemption activities was disclosed in this filing.

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