Ev Dynamics (HKG:0476) moved up the long stop date of its HK$20 million share placement agreement to Dec. 1 from Dec. 5, according to a Wednesday filing with the Hong Kong Exchange.
Shares of the electric car solutions provider were down 2% in Thursday afternoon trading.
The move was intended to minimize the risk of share price volatility.
The firm agreed to place up to 26 million shares to at least six investors at HK$0.78 apiece on Monday, Nov. 10.
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