China Canada Guoxin (00899) announced that on April 25, 2024, the company plans to distribute no less than six through placement agents...
According to the Zhitong Finance App, China Canada Guoxin (00899) announced that on April 25, 2024, the company plans to place up to about 188 million shares at a placement price of HK$0.105 per share through placement agents, accounting for about 16.7% of the expanded share capital. The placement price is discounted by about 12.5% from the closing price of HK$0.12 per share on the same day.
Assuming that up to approximately 188 million shares are fully placed, a net raise of approximately HK$19 million is intended to be used as the Group's general working capital.