Platt Nera International (HKG:1949) completed the placing of 80 million shares to at least six placees for a net consideration of about HK$28.8 million, according to a Tuesday filing on the Hong Kong bourse.
The placing price is HK$0.375 per placing share. The placed shares account for 11.76% of the company's issued share capital.
The IT service provider plans to use the proceeds for general working capital needs.
The company's shares were down by over 5% in recent trading.
Price (HKD): $0.45, Change: $-0.03, Percent Change: -5.32%
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