Biren Technology announces placement of 130 million new H shares to raise HK$4.04 billion
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Biren Technology announces placement of 130 million new H shares to raise HK$4.04 billion
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Biren Technology announced on October 8 a placement of 130 million new H shares to raise HK$4.04 billion. Its share price fell 11.85% the same day. About 70% of the proceeds, roughly HK$2.81 billion, is earmarked for "strategic supply chain procurement, production preparation and commercialization." The placement price represents a 13.73% discount to the five-day average price.
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10月9日
- 钛媒体Biren raises HK$4.04 billion more with prior funds only 14% used, and the analysis asks whether it is stockpiling or renewing qualification
On October 8, Biren announced a placement of 130 million new H shares to raise HK$4.04 billion。
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