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Great Chi Ppt (00021) placing 662.5M shares for $76.3M
22 Jul 2019
(Infocast News) Great China Properties (00021) has agreed to place, through a placing agent on a best-effort basis, up to 662.539 million shares (representing 16.67% of the company's enlarged issued share capital) under a general mandate to independent third parties at HK$0.120 per share, representing a discount of 20% to the closing price of HK$0.150 per share on the Last Trading Day.

The maximum net proceeds of HK$76.3 million will be used as general working capital and for possible business development or investment.

(WL)
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