China Wood International Holding Raises HK$15 Million via Share Placement
MT Newswires Live2024-09-20
China Wood International Holding (HKG:1822) placed 68,490,000 shares, about 16.66% of the issued share capital of the company as enlarged by the allotment and issue to at least six independent parties on Friday, Sept. 20, a same-day filing with the Hong Kong Bourse disclosed.
The shares were placed at a placing price of HK$0.226 per share and the net proceeds came in at HK$ HK$15.2 million, for which the furniture wood processor and trader plans to use HK$8 million for debt repayments and the remaining HK$7.2 million for its general working capital.
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