Prosperity Investment (HKG:0310) said it was looking to raise HK$45 million via a stock offering, according to a Hong Kong bourse filing Friday.

The investment firm plans to sell 500 million shares to interested investors at HK$0.09 apiece to raise funds primarily for future investments.

The shares represent 412.7% of the company's issued share capital and 80.5% on an enlarged basis.

Astrum Capital Management will oversee the placing on the company's behalf.

Meanwhile, the company announced plans to liquidate its indirect wholly owned subsidiary Easy Ace.

The subsidiary's sole asset is a 14.7% equity interest in Wealth Spread, which in turn owns 54% of Guizhou Guoding Jinshi Mining

The proposed liquidation and share issue are subject to shareholder approval.

Shares of Prosperity Investment remain suspended from trading on the Hong Kong stock exchange.