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China Wood International (01822.HK) plans to allocate up to 68.5 million shares, with a total capital raising of 15.481 million Hong Kong dollars.
On August 27th, 2024, China Wood Int (01822.HK) announced that the company has entered into a placement agreement with the placement agent (Huaying Securities Limited). Accordingly, the company intends to appoint the placement agent to subscribe for and facilitate the placement of shares in accordance with the terms and conditions set out in the placement agreement on an individual and exclusive basis. The placement agent is required to facilitate the subscription of no less than six subscribers to subscribe for a maximum of 68.5 million shares of placement shares at a placement price of HKD 0.226 per share during the placement period. The maximum number of placement shares, 68.5 million shares, is equivalent to the total number of shares issued as of the date of the placement agreement.
Express News | China Wood International - Placing up to 68.5 Mln Shares at HK$0.226 per Share
Express News | Placing of New Shares Under General Mandate
china wood int (01822.HK) mid-term earnings increased by approximately 71%, gross margin significantly reduced.
Guangzhou News On August 23, China Wood Int (01822.HK) announced that in the mid-term of 2024, the group recorded revenue of approximately 175,100,000 Hong Kong dollars, an increase of about 71% year-on-year. The increase is mainly due to the operating income of the wood-related business increasing from approximately 96,900,000 Hong Kong dollars in the same period of the previous year to approximately 170,300,000 Hong Kong dollars in the reporting period. The gross margin decreased from 21.6% in the same period of the previous year to 8.9% in the reporting period, due to the downward pressure on the gross margin caused by the overall slowdown in the wood-related business market.
CHINA WOOD INT: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2024
China Wood Int (01822.HK) plans to hold a board of directors meeting on August 23 to approve the interim performance.
China Wood Int (01822.HK) announced that the board of directors will hold a meeting on August 23, 2024 to approve the unaudited comprehensive mid-term performance of the company and its subsidiaries for the six months ended June 30, 2024 (including) and consider recommending the distribution of interim dividends (if any) and handling other matters.
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