Hong Kong & San Jose (BUSINESS WIRE) - Hong Kong Highpower Technology, Inc. (Amex:HPJ) today announced the listing of its common stock on the American Stock Exchange. The shares began trading today under the symbol "HPJ."
The Company also announced a publicoffering of 603,750 shares of its common stock at $3.25 per share, including exercise of the over-allotment option. Hong Kong Highpower intends to use the net proceeds from this offering for working capital and general corporate purposes. The registration statement related to these securities has been declared effective by the Securities and Exchange Commission.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering is made only by the prospectus relating to this offering. A copy of the final prospectus may be obtained from WestPark Capital, Inc., 1900 Avenue of the Stars, Suite 310, Los Angeles, CA 90067, by phone at (310) 843-9300, facsimile (310) 843-9304, or email jstern@wpcapital.com.
About Hong Kong Highpower Technology, Inc.
Hong Kong Highpower develops, manufacturers and markets rechargeable Nickel Metal Hydride (Ni-MH) and Lithium-ion (Li-ion) batteries and related products for use in a variety of electronic devices. The majority of Hong Kong Highpower's products are distributed worldwide to markets in the United States, Europe, China, Hong Kong, Southeast Asia and Taiwan.
Media and Investor inquiries: Financial Profiles, Inc.Brandi
Floberg/Casey Molda 310-277-4711 HPJ@finprofiles.com
The Company also announced a publicoffering of 603,750 shares of its common stock at $3.25 per share, including exercise of the over-allotment option. Hong Kong Highpower intends to use the net proceeds from this offering for working capital and general corporate purposes. The registration statement related to these securities has been declared effective by the Securities and Exchange Commission.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering is made only by the prospectus relating to this offering. A copy of the final prospectus may be obtained from WestPark Capital, Inc., 1900 Avenue of the Stars, Suite 310, Los Angeles, CA 90067, by phone at (310) 843-9300, facsimile (310) 843-9304, or email jstern@wpcapital.com.
About Hong Kong Highpower Technology, Inc.
Hong Kong Highpower develops, manufacturers and markets rechargeable Nickel Metal Hydride (Ni-MH) and Lithium-ion (Li-ion) batteries and related products for use in a variety of electronic devices. The majority of Hong Kong Highpower's products are distributed worldwide to markets in the United States, Europe, China, Hong Kong, Southeast Asia and Taiwan.
Media and Investor inquiries: Financial Profiles, Inc.Brandi
Floberg/Casey Molda 310-277-4711 HPJ@finprofiles.com
No comments:
Post a Comment