20th Feb 2023 11:50
Jade Road Investments Ltd - Hong Kong-based investment vehicle - Raises USD183,427 gross in equity issue at 0.75p per share. Underwriter had committed to a total USD1.8 million, but this has now been reduced to USD1.6 million. Back on January 31, Jade Road had announced plans to raise equity finance of up to USD1.8 million via a share placing. Says a further announcement will be made following the conclusion of its general meeting on Monday.
Current stock price: 1.55 pence, down 31% in London on Monday around midday
12-month change: down 80%
By Sophie Rose, Alliance News reporter
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