China Baoli Technology (00164) plans to issue approximately 133 million subscription shares at a premium of about 4.57% to raise about HK$60.3 million

According to the Zhitong Finance App, China Baoli Technology (00164) announced that on August 28, 2026, the company plans to issue approximately 133 million subscription shares to 20 subscribers, at HK$0.481 per share, a premium of about 4.57% over the closing price of HK$0.46 per share on August 28, 2026. The net proceeds from the subscription were approximately HK$60.3 million, or HK$17 million for the general working capital of the head office; approximately HK$3 million for the Development Group's financial media business; and HK$40.3 million for dry grinding and dry selection of mining projects in Mongolia (covering iron ore and coal ore processing activities).