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Hong Kong Aerospace Technology Group Limited ( (HK:1725) ) has issued an announcement.
USPACE Technology Group Limited announced a subscription of 100 million new shares under a general mandate, with the proceeds intended for general working capital, including administrative expenses and the aerospace business operations. The announcement highlights the involvement of Ms. Ren Yue, an independent investor with a background in high-tech investments, and outlines the allocation of approximately HK$64.5 million in net proceeds, which are expected to be fully utilized by the end of 2025.
More about Hong Kong Aerospace Technology Group Limited
USPACE Technology Group Limited operates in the high-tech industry, focusing on satellite manufacturing, precision electronics, and space-based data applications. The company is involved in aerospace technology and has a market focus on high-tech investments.
Average Trading Volume: 3,282,192
Technical Sentiment Signal: Sell
Current Market Cap: HK$362.9M
For detailed information about 1725 stock, go to TipRanks’ Stock Analysis page.