DealsNov 4, 2026, 05:32 PM
Republic Power Group Sells $300K in Shares to Affiliate
AI Summary
Republic Power Group Limited has entered into a securities purchase agreement with True Sage International Limited, an affiliate of its chairman, Hao Feng Ng. The company will issue and sell 25,000 Class B ordinary shares at $12.00 per share, generating gross proceeds of $300,000. This transaction is expected to close around November 5, 2026. Post-issuance, the affiliate will hold approximately 72.02% of the company's total voting power.
Key Highlights
- Republic Power Group Limited entered into a securities purchase agreement with True Sage International Limited.
- The agreement involves the subscription and purchase of 25,000 Class B ordinary shares at $12.00 per share.
- The transaction is expected to generate gross proceeds of $300,000 for the Company.
- Following the issuance, True Sage International Limited will beneficially own approximately 72.02% of the Company's voting power.
Price Impact
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