China Baoli Technologies (HKG:0164) said it has further extended the placing period for its proposed rights issue to July 4, to allow more time for the placing agent to secure subscribers and finalize investor details, according to a Thursday Hong Kong bourse filing.
The rights issue offers four new shares for every one existing share. The company now expects to complete the placement and settlement by July 9, with trading in the new shares starting on July 11, it said.
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