LC Logistics (HKG:2490) said it was looking to raise HK$139.1 million via a stock offering, according to a Friday filing with the Hong Kong bourse.
The firm is seeking investors for 42.2 million shares priced at HK$3.30 each to raise funds for potential acquisitions.
The shares represent 7.36% of the company's issued share capital, and 6.86% as enlarged by the offering.
LC Logistics' shares jumped nearly 19% in recent trade.
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