CHINA BAOLI TEC (00164.HK): 132.68 Million Shares Issued at HKD 0.481
- The subscription price was HKD 0.481 per subscription share.
- The new shares were issued under a specific mandate approved by shareholders at an extraordinary general meeting.
NewTimeSpace News: On 13 October 2026, China Baoli Technologies Holdings Limited (stock code: 00164.HK) announced that all conditions precedent under the subscription agreements had been fulfilled and satisfied, and the subscription was completed on 13 October 2026 under the terms and conditions of those agreements. A total of 132,682,600 subscription shares were successfully allotted and issued to the subscriber at the subscription price of HKD 0.481 per subscription share.
The issue was carried out under a specific mandate pursuant to the Company's announcement dated 28 August 2026, the circular dated 18 September 2026 and the announcement dated 6 October 2026 on the poll results of the extraordinary general meeting. The net proceeds of about HKD 60.3 million, after deducting professional fees and other relevant costs and expenses, will be used for the purposes set out in the circular.
- CHINA BAOLI TEC (00164.HK): Proposes to allot 132.68 million new shares for proceeds of about HKD 63.82 million under specific mandate
- CHINA BAOLI TEC (00164.HK): Mongolia iron ore project enters construction stage, coal project infrastructure completed and sales channels being developed
- CHINA BAOLI TEC (00164.HK) plans to issue in total 19.77 million shares by subscription, with estimated net proceeds of HKD 8 million
