China Financial Leasing (02312) issued an announcement. The company's board of directors proposed implementing a stock offering at a subscription price of HK$0.12 per share on the basis of issuing 1 offering share for every 1 share held on the record date, raising total proceeds of about HK$20.8 million by issuing 173 million shares to eligible shareholders.
If a number of subscriptions are received, after deduction of all necessary expenses, the estimated net proceeds from the stock offering are estimated to be approximately HK$19.4 million (assuming no other shares were issued or repurchased on or before the record date).