Brightstar Technology Group Announces New Share Issue Under Specific Mandate

Reuters

May 13, 2025

Brightstar Technology Group Announces New Share Issue Under Specific Mandate

Brightstar Technology Group Co. Ltd. has announced a connected transaction involving the issuance of new shares under a specific mandate. The company plans to allot and issue 210,385,576 subscription shares at a price of HK$0.137 per share. The subscription will be made by Mr. Yeung Ho Ting Dennis, an executive director of the company, under the terms of the Subscription Agreement. The specific mandate for this share issuance will be sought from independent shareholders at an extraordinary general meeting (EGM). This move is part of the company's strategy to enhance its capital structure.

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. Brightstar Technology Group Co. Ltd. published the original content used to generate this news brief on May 13, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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