Ev Dynamics (Holdings) Limited (HK:0476) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Ev Dynamics (Holdings) Limited has announced a new agreement where a subscriber will purchase convertible notes worth HK$5 million, which could translate to 50 million new shares or about 5.11% of the expanded share capital. These notes can be converted at an initial price of HK$0.1 per share without additional shareholder approval, under the General Mandate. The proceeds of approximately HK$4.75 million are intended for the company’s general working capital.
For further insights into HK:0476 stock, check out TipRanks’ Stock Analysis page.