China Ocean Development (08047) announced that the preconditions for the subscription agreement have been reached. The subscription agreement was signed in 2024...
According to the Zhitong Finance App, China Ocean Development (08047) issued an announcement that the prerequisites for the subscription agreement have been reached. The subscription agreement was completed on January 15, 2024, and 600 million new shares of the subscribed shares were issued to the subscribers at HK$0.10 per subscribed share. As stated in the announcement, the net proceeds collected by the Company from completion are intended to be used for debt repayment, fishing vessel preparation/sailing expenses, and the Group's general working capital.