China Fortune Seeks to Raise HK$4 Million via Share Placement

MT NewswiresJan 8 07:32 ET

CHINA FORTUNE (00110.HK) plans to issue a total of 16 million shares at a premium of approximately 44.4%, raising a net amount of 4.12 million Hong Kong dollars.

Gelonghui, January 8 - CHINA FORTUNE (00110.HK) announced that on January 8, 2025, the company entered into a subscription agreement with subscribers. Under this agreement, the company conditionally agrees to allocate and issue shares to subscribers, who conditionally agree to subscribe for a total of 16 million subscription shares at a subscription price of HK$0.26 per share based on general authorization. The subscription price of HK$0.26 per share represents a premium of approximately 44.4% over the closing price of HK$0.18 per share reported on the Stock Exchange on the date of the subscription agreement; the total subscription shares account for about 6.7% of the company's existing issued share capital as of the date of this announcement; after deducting.

Gelonghui FinanceJan 8 05:57 ET

CHINA FORTUNE (00110) plans to issue a total of 16 million subscription shares at a premium of approximately 44.4%.

CHINA FORTUNE (00110) announced that on January 8, 2025, the company and the subscribers (Mr. Lei Yongjia,...

Zhitong FinanceJan 8 05:56 ET

Express News | China Fortune - to Allot & Issue an Aggregate of 16 Mln Subscription Shares at HK$0.26 per Subscription Share

ReutersJan 8 05:53 ET

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