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Heng Tai Group Completes New Share Placement
Heng Tai (00197.HK) completed the sale of 21 million shares and raised approximately HKD 4.6 million net proceeds.
On August 12, Guolonghui announced that all the conditions listed in the subscription agreement have been met, and the subscription matter was completed on August 12, 2024. The subscription agent has successfully allocated a total of 21 million shares of subscription shares to no less than six underwriters at a subscription price of HKD 0.233 per share in accordance with the terms and conditions of the subscription agreement. The total amount and net amount of funds raised from the subscription matter were approximately HKD 4.9 million and HKD 4.6 million, respectively. The company plans to use the entire net amount of funds raised from the subscription matter as disclosed in the previous announcement, which is to be used for the group.
Optimistic Investors Push Heng Tai Consumables Group Limited (HKG:197) Shares Up 27% But Growth Is Lacking
Heng Tai Plans Share Placement for Capital Boost
Heng Tai (00197) plans to discount approximately 3.32% of its shares, with a net maximum fundraising of about 4.6 million Hong Kong dollars.
Heng Tai (00197) announced that on July 19, 2024, the company had entered into a placement agreement with the placement agent...
Express News | Heng Tai Consumables Group Ltd - to Place 21 Mln Placing Shares at HK$0.233 per Share
Heng Tai Consumables Group Limited's (HKG:197) Shares Climb 39% But Its Business Is Yet to Catch UpNo Data
