Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
UNITED LAB Opens 3.6% Lower on 7.9% Discounted Shr Placement to Raise HKD2.17B Net
Recommend 4 Positive 4 Negative 2 |
||||
|
||||
|
UNITED LAB (03933.HK) announced the placement of up to 156 million shares at a placement price of HKD14.16 (7.93% discount to yesterday's closing price of HKD15.38) per share to raise net proceeds of HKD2.168 billion. The company's stock price opened down 3.64% at HKD14.82 today (18th), with pre-market trading volume of 288,000 shares, involving HKD4.2682 million. UNITED LAB intends to allocate around HKD1.3 billion of the net proceeds from the offering, for capital expenditure related to the construction and expansion of its manufacturing facilities, strengthen external collaboration, expand its international business, as well as other general corporate purposes, and around HKD867 million of the net proceeds for research and development of innovative product candidates, including the clinical trial of UBT251, and other pipelines under development. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
