Republic Power Agrees to USD 300,000 Private Share Placement With Chairman-Owned Affiliate
Bitget2026/11/04 23:31- Republic Power Group agreed on October 29, 2026, to raise US$300,000 through a private placement with True Sage International.
- The placement comprises 25,000 Class B ordinary shares at US$12 each, a premium to the prior Nasdaq Class A trading range.
- True Sage is wholly owned by board Chairman Hao Feng Ng.
- Following issuance, True Sage will hold 26,874 Class B ordinary shares, representing approximately 72.02% of outstanding voting power.
- The transaction is expected to close around November 5, 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Layer 33 calls for a pause on removing validators under the new Solana Foundation regulations
HIVE’s Bitcoin output jumps 49%, but mining revenue still falls
Asia-Pacific stock markets follow the overnight rally in US tech stocks, with South Korea's KOSPI up 5% at the open, SK Hynix surging more than 7%, and Nikkei 225 rising over 2%.
This round of rebound occurred after the market experienced severe turbulence. Last week, concerns over the potential for stricter regulation of the artificial intelligence industry, due to the US Congressional election results, triggered a large-scale sell-off in chip stocks. Several market participants believe that this rebound indicates investors have not abandoned the AI trading narrative, and last week’s sell-off was more about position adjustments rather than a trend reversal.
Barrick’s Marquee gold project faces hazy study timing
Crypto prices
More
