Haoding shareholders report good news! Recognizable subsidiary Dingjin’s capital increase shares earn nearly double the profit per share

Haoding shareholders will be able to subscribe for Dingjin’s capital increase shares and earn nearly double the profit per share. The picture shows Dingjin’s management team. (File photo)

[Reporter Chen Yongji/Taipei Report] New drug research and development company Taiwan Halogen (4174) announced last night that the company has given up participating in the 115-year cash capital increase and new stock issuance of its emerging subsidiary "Dingjin Biotechnology (7876)" , transferred to all shareholders of Haoding for subscription. All shareholders can subscribe for 47.5547 new shares of Dingjin Company for every 1,000 shares. Since Dingjin’s current price increase is 40 yuan per share and the market price is nearly 80 yuan, it means that the profit per share can be nearly doubled.

In line with the schedule related to the base date of Dingjin's cash capital increase and stock subscription, Haoding announced that the last transfer date of the stock is October 27th. That is to say, if you want to participate in Dingjin's capital increase and stock subscription, you must hold Haoding's shares by October 27 at the latest, and the payment period for Haoding shareholders to participate in Dingjin's capital increase is from 11/05 to 11/12.

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Dingjin is a subsidiary of Haoding with a 49.3% stake. The company's botulinum toxin OBI-858 is used in the field of medical beauty. The product has completed Phase III clinical trials in Taiwan and is expected to be unblinded in November. If the subsequent unblinding goes smoothly, OBI -858 will submit TFDA application for marketing authorization in the first quarter of next year, and it can be listed in Taiwan as soon as 2028; successful buying orders for unblocking blindness have pushed up Dingjin's stock price in the past month, from less than 40 yuan to a maximum of 95.7 yuan, and closed at 78.2 yuan yesterday.

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