Hong Kong Chaoshang Group to Raise HK$491 Million from Share Placement

MT Newswires Live10-09

Hong Kong Chaoshang Group (HKG:2322) will raise gross proceeds of about HK$491.4 million from the placement of 630 million shares at HK$0.78 apiece to independent third parties, a Tuesday filing with the Hong Kong Exchange said.

The maximum number of shares to be placed represents about 13.26% of the enlarged issued share capital of the company.

The trading and finance company expects to raise net proceeds of HK$476.4 million from the placing and intends to use HK$100 million to develop its financial services business segment, about HK$300 million for business development and potential investments, and HK$76.4 for the group's general working capital.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2474604572?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-09 14:10","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2474604572","market":"fut","top_or_hot":-1,"title":"Hong Kong Chaoshang Group to Raise HK$491 Million from Share Placement","media":"MT Newswires Live","content":"<html><body><p> Hong Kong Chaoshang Group (HKG:2322) will raise gross proceeds of about HK$491.4 million from the placement of 630 million shares at HK$0.78 apiece to independent third parties, a Tuesday filing with the Hong Kong Exchange said.</p><p>The maximum number of shares to be placed represents about 13.26% of the enlarged issued share capital of the company.</p><p>The trading and finance company expects to raise net proceeds of HK$476.4 million from the placing and intends to use HK$100 million to develop its financial services business segment, about HK$300 million for business development and potential investments, and HK$76.4 for the group's general working capital.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong Chaoshang Group to Raise HK$491 Million from Share Placement</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong Chaoshang Group to Raise HK$491 Million from Share Placement\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-09 14:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hong Kong Chaoshang Group (HKG:2322) will raise gross proceeds of about HK$491.4 million from the placement of 630 million shares at HK$0.78 apiece to independent third parties, a Tuesday filing with ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02322","symbol_name":"新质数字","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2474604572","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474604572","pubTimestamp":1728454236,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Hong Kong Chaoshang Group  will raise gross proceeds of about HK$491.4 million from the placement of 630 million shares at HK$0.78 apiece to independent third parties, a Tuesday filing with the Hong Kong Exchange said.The maximum number of shares to be placed represents about 13.26% of the enlarged issued share capital of the company.The trading and finance company expects to raise net proceeds of HK$476.4 million from the placing and intends to use HK$100 million to develop its financial services business segment, about HK$300 million for business development and potential investments, and HK$76.4 for the group's general working capital.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"02322":"新质数字","BK1124":"贸易公司与经销商"},"translate_title":"香港潮商集团将配股募资4.91亿港元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02322":0.9},"content_text":"Hong Kong Chaoshang Group (HKG:2322) will raise gross proceeds of about HK$491.4 million from the placement of 630 million shares at HK$0.78 apiece to independent third parties, a Tuesday filing with the Hong Kong Exchange said.The maximum number of shares to be placed represents about 13.26% of the enlarged issued share capital of the company.The trading and finance company expects to raise net proceeds of HK$476.4 million from the placing and intends to use HK$100 million to develop its financial services business segment, about HK$300 million for business development and potential investments, and HK$76.4 for the group's general working capital.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2474604572"}