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Synertone Communication to Raise HK$21 Million; Shares Soar 28%
Synertone plans to discount approximately 12.5% to issue 74.176 million shares, raising approximately 20.7 million Hong Kong dollars net.
Synertone (01613) announced that on November 5, 2024, the company plans to issue a total of 74.176 million shares to subscriber Infinity Holding Resources Limited, representing approximately 16.53% of the enlarged share capital after the completion of the subscription. The subscription price per share is 0.28 Hong Kong dollars, a discount of approximately 12.50% compared to the closing price of 0.32 Hong Kong dollars per share on November 5. Assuming all subscription shares are successfully issued, the total amount and net amount of funds raised from the subscription would be approximately 20.8 million Hong Kong dollars respectively.
Synertone (01613.HK) issued new shares to third parties at a discount of 12.5%, raising a net amount of 20.7 million yuan.
Synertone (01613.HK) announced that it will issue a total of 74.176 million new shares to the independent third party Infinity Holding Resources, equivalent to 16.53% of the enlarged share capital; at a price of 0.28 yuan per share, representing a 12.5% discount compared to the previous trading day (5th). The total subscription amount is 20.8 million yuan, with a net amount of 20.7 million yuan, intended for strengthening the existing smart phone distribution business, future investments, and general operating funds.
Synertone Announces New Share Issuance to Boost Finances
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