[Stock Movement] IMMUNEONCO-B once dropped 11% on a large discount placement

HongKong Economic Journal
2024.11.21 01:42
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IMMUNEONCO-B's stock price fell by 11.2% at one point due to a heavily discounted placement, reaching a low of HKD 7.48, and is currently reported at HKD 7.75, down 8%. The company is placing 33.15 million new shares at a placement price of HKD 7.05 per share, raising approximately HKD 234 million, with a discount of about 16.27%. The proceeds from the placement will be used for clinical research on non-small cell lung cancer and triple-negative breast cancer, research on advanced solid tumors, and to supplement working capital

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