CHINA WOOD INT (01822) Plans Stock Placement at Approximately 9.91% Discount, Raising Up to HKD 16.27 Million

Stock News
2025/10/21

CHINA WOOD INT (01822) announced that on October 21, 2025, the company entered into a placement agreement with a placement agent to issue up to approximately 164 million shares at a price of HKD 0.10 per share. This price represents a discount of about 9.91% compared to the closing price of HKD 0.111 per share on the Hong Kong Stock Exchange on the date of the agreement. Assuming the placement agent successfully places all the shares, the maximum net proceeds will be approximately HKD 16.27 million, which will be utilized for the further development of the group's food and beverage segment.

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