Kiu Hung Int'l (00381) announced that on July 16, 2024, the company intends to distribute no less than six... through placement agents.
Qiaoxiong International (00381) announced that on July 16, 2024, the company plans to distribute up to 0.47 billion shares of enlarged share capital to no less than six underwriters through placement agents, accounting for approximately 63.85% of the enlarged share capital; each share of distribution shares is HKD 0.111, discounting about 1.77% compared to the closing price of HKD 0.113 per share on July 16, 2024.
The net amount raised for the placement is approximately HKD 51.3 million, of which approximately HKD 51 million will be used to repay the outstanding amount of convertible bonds in Hubei, with the balance used for general corporate working capital.