DTXS <a href="https://laohu8.com/S/SILK">Silk Road</a> Investment Holdings Completes Private Placement of 66.8 Million New Shares Under General Mandate
DTXS Silk Road Investment Holdings Company Limited has announced the completion of a private placement of 66,800,000 new shares under its general mandate. The shares were placed by Cheong Lee Securities Limited, acting as placing agent, to not less than six placees at a price of HK$0.60 per share. Following the placement, the total number of issued shares has increased from 734,225,230 to 801,025,230. The net proceeds of approximately HK$38.4 million will be allocated mainly to the promotion, development, and sales of the company's property development projects in the PRC, with the remainder used for general working capital. After the completion of the placement, DTXS International Holdings remains the largest shareholder with a 51.63% stake in the company.
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