Hongli Group Files Secondary Stock Shelf

MT Newswires Live

2024/12/27

Hongli Group (HLP) late Thursday filed a preliminary prospectus for secondary sale by investors from time to time of 60 million ordinary shares they acquired from the Chinese steel producer in November.

Hongli on Nov. 13 issued 60 million shares priced at $0.55 apiece for $33 million.

The company will not receive any additional proceeds from such future sale.

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