EV Dynamics (Holdings) Ltd. Completes HK$26.8 Million Share Placement to Boost Liquidity
Reuters
Sep 30
EV Dynamics (Holdings) Ltd. Completes HK$26.8 Million Share Placement to Boost Liquidity
EV Dynamics (Holdings) Ltd. has announced the completion of a new share issuance under a specific mandate, raising approximately HK$26.8 million in net proceeds. The company stated that the funds will be used as previously disclosed and are intended to strengthen its liquidity position. The Group is also in active negotiations with potential investors regarding a further private placement to further mitigate liquidity pressures and enhance cashflow. In addition, the company continues to receive financial support from its shareholders, with no demand for repayment of existing shareholder loans. EV Dynamics affirms it has sufficient cashflow to meet its financial obligations over the next twelve months and will continue to update shareholders and potential investors on its progress.
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