Huanxi Media Group Announces Private Placement of New Shares
Reuters
Nov 11
Huanxi Media Group Announces Private Placement of New Shares
Huanxi Media Group Limited has announced that it has entered into agreements for the subscription of new shares and the issuance of warrants. The company stated that these actions are part of its equity fund raising activities. The proposed transactions, which include the Share Subscription Agreement and the Warrant Subscription Agreement, will be subject to approval at a special general meeting (SGM). The company also clarified that it has not conducted any other equity fund raising activities in the past twelve months prior to this announcement. Investors are advised to exercise caution when dealing in the shares of Huanxi Media Group Limited.
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