TJCD (02515) disclosed plans to issue up to 43.158 million shares at HK$0.68 per share through placement agents to no fewer than six subscribers. The placement price represents a 15.0% discount to the closing price of HK$0.80 per share on the last trading day on the Stock Exchange. The maximum net proceeds from the placement are expected to be approximately HK$29.2 million. Funds raised are intended for establishing a new company to build a machinery leasing platform, general working capital purposes, and seizing future investment opportunities.
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