"PANGAEA CONNECT" offers a 17.05% discount on the placement to raise HKD 35.8 million

AASTOCKS
2025.07.23 15:39

PANGAEA CONNECT (01473.HK) announced the placement of up to 199 million new shares, equivalent to a 16.7% increase in the enlarged share capital; the placement price is HKD 0.18, representing a discount of 17.05% compared to the last closing price before suspension. The total fundraising amount is HKD 35.8 million, with a net amount of HKD 35.3 million, intended for seeking opportunities in AI technology-related fields or general working capital.

The company's shares have applied to resume trading on Thursday (24th)

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