Innovative Pharmaceutical Biotech Limited Announces Placing of New Shares Under General Mandate

Reuters
29 May
Innovative Pharmaceutical Biotech Limited Announces Placing of New Shares Under General Mandate

Innovative Pharmaceutical Biotech Limited has announced the placement of new shares under a general mandate. The company, listed on the Hong Kong Stock Exchange with the stock code 399, plans to allot, issue, and deal with new shares, not exceeding 20% of the existing issued shares, as per the mandate granted at the company's annual general meeting. The maximum number of shares to be issued is 344,638,604. Completion of the placement is contingent upon the fulfillment of specified conditions outlined in the Placing Agreement, and the process may or may not proceed. Shareholders and potential investors are advised to exercise caution when dealing with the company's shares and securities.

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