China Health Technology Group to Raise HK$6 Million via Share Placement; Shares Jump 8%

MT Newswires Live09-05

China Health Technology Group (HKG:1069) is looking to raise about HK$5.9 million in net proceeds by issuing 143 million shares to at least six independent third parties.

The placement price per share is HK$0.043, according to a Wednesday filing with the Hong Kong bourse. These shares amount to about 16.64% of the enlarged share capital of the company.

Proceeds from the placement will be used for the general working capital of the company.

Cheong Lee Securities is serving as the placing agent for the offering.

The forestry management services company shares were up by about 8% in recent trading.

Price (HKD): $0.06, Change: $+0.0040, Percent Change: +7.84%

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