2 shares for 1 share, 22,686,000 shares issued, representing 50% of the issued share capital, net proceeds of HK $12,600,000, offer price: HK $0.6, Placing agent: Tiger Faith Securities Limited
The products are mainly divided into two segments: (i) disposable batteries; and (ii) rechargeable batteries and other battery-related products. Disposable batteries are further subdivided into two parts: (i) cylindrical batteries; and (ii) micro-button cells.
The Directors are satisfied that the Group will have sufficient financial resources to meet its financial obligations as they fall due in the foreseeable future, and consider that it is appropriate to prepare these results on a going concern basis.
