Lisi Group to Raise HK$60.5 Million in New Share Issue; Appoints Vice Chairlady; Shares Surge 45%

MT Newswires Live09-16

Lisi Group (Holdings) (HKG:0526) plans to issue 800 million shares to private trust company Manukura (CMCI) at HK$0.076 apiece under a subscription mandate, according to a Monday filing with the Hong Kong Stock Exchange.

Net proceeds, estimated at HK$60.5 million, will be used for general working capital. Completion is set to take place within 10 business days.

The plastic and metal household products manufacturer also appointed Li Jialu as vice chairlady, effective Nov. 15, according to the same filing.

Li was the managing director and head of corporate advisory at CCB International Capital.

Shares surged over 45% during Monday's morning trading.

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