Star Combo Pharma: Completes $33.3M placement to Goldenmax
- Star Combo Pharma is in a strong cash position after successfully completing a $33.3 million placement
- Approximately 49 million Star Combo shares have also issued to Goldenmax International Technology at a price of 68 cents per share
- Goldenmax develops, produces and sells copper-coated laminate products which used for making printed circuit boards
- As a result of this placement, Goldenmax is now a substantial shareholder of the company, owning 36.1 per cent
- It has also transferred two directors, Mr Jialong Ding and Ms Wei Han, from its board to Star Combo’s board
- Star Combo has ended the day 6.38 per cent in the green with shares trading for 50 cents each
