Global Clearance plans to issue 100 million shares to raise HK$20 million for the development of corporate businesses including blockchain technology

According to the news from the Eastern Fortune Network, Global Pass (08192) issued an announcement. On June 4, 2019, the company entered into a subscription agreement with each of the subscribers. Accordingly, the company conditionally agreed to allot and issue a total of 100 million subscription shares. The subscription price is HK$0.20 per subscription share. The gross proceeds and net proceeds from the Subscription will be HK$20 million, which will be used for general corporate purposes, including the development of blockchain technology related businesses; and the company's general working capital.