Riverine China (01417) announced that all conditions precedent to the placing have been fulfilled and the placing was completed on October 21, 2026.
The placing agent successfully placed a total of 33 million placing shares to no fewer than six placees at a placing price of HK$4.00 per placing share.
The net proceeds from the placing, after deducting placing commissions and other related expenses including professional fees, amount to approximately HK$130 million and will be used for the purposes disclosed in the announcement.
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