Jinwu Financial News | Hongjiu Fruit Products (06689) announced that it will place up to 189 million new H shares to no less than 6 sole proprietors through placement agents, accounting for about 16.63% of the expanded H shares and 11.77% of the total number of expanded issued shares. The placement price per share is HK$4.35, which is the same as the closing price on January 19.
The placement raised HK$822.2 million, with a net amount of HK$806 million, all to strengthen the fruit supply chain, repay interest-bearing debt, and supplement working capital and other general corporate purposes.