FilingReader Intelligence
Pangaea Connect halts trading for HK$36m share placing
July 23, 2025 at 05:03 PM UTC•By FilingReader AI
Pangaea Connectivity Technology Limited halted trading pending announcement of a new share placing. The company will issue up to 199 million shares at HK$0.180 each, raising up to HK$35.8 million.
The shares represent 20% of existing capital and are priced at a 17.1% discount to the last closing price. Proceeds will fund AI technology opportunities and working capital.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Primary Source Document
Supplementary Source Documents
ANNUAL REPORT 2025July 23, 2025 at 10:41 AM UTC
PLACING OF NEW SHARES UNDER GENERAL MANDATE; AND RESUMPTION OF TRADINGJuly 23, 2025 at 02:20 PM UTC
(1) PROPOSED GRANT OF GENERAL MANDATES TO ISSUE NEW SHARES AND REPURCHASE BY THE COMPANY OF ITS OWN SHARES; (2) PROPOSED DECLARATION AND PAYMENT OF A FINAL DIVIDEND; (3) PROPOSED RE-ELECTION OF DIRECTORS; AND (4) NOTICE OF ANNUAL GENERAL MEETINGJuly 23, 2025 at 10:45 AM UTC
HKEX:1473•Hong Kong Exchange
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