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NovaBay Raises $6 Million from Hong Kong's OP Financial

publication date: Feb 12, 2018

NovaBay® Pharma, a Bay-area anti-microbial company, announced a new private placement of $6 million from OP Financial, a Hong Kong-listed investor. The transaction replaces one, announced two months ago, in which Ch-Gemstone Capital (Beijing) was supposed to invest $10.3 million in NovaBay stock. Plus, CG Capital planned to acquire $18 million in stock from public investors. The CG Capital investments were not approved by China regulators because of foreign investment worries. More details....

Stock Symbols: (NYSE American: NBY) (HK: 01140)

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