Jiading International Group Holdings Limited has announced a private placement of new shares under a general mandate. The company has entered into an agreement with Cheong Lee Securities Limited as the placing agent to issue up to 3,851,686 new shares at a placing price of HK$0.78 per share. Upon full subscription, placees will hold approximately 4.76% of the company's enlarged share capital, with other public shareholders holding the remaining 95.24%. The placement aims to broaden the shareholder base and strengthen the company's financial position.
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