Huayu Expressway to Raise HK$51 Million via Stock Offering; Shares Surge 13%

MT Newswires Live

02/12

Huayu Expressway Group (HKG:1823) is seeking HK$51.5 million via a share offering, according to a Hong Kong bourse filing on Wednesday.

Shares of the liquor maker gained nearly 13% in morning trade Thursday.

The firm is seeking investors for 58.5 million shares priced at HK$0.88 each to raise funds for general working capital.

The shares represent 14.18% of the company's issued share capital and 12.42% on an enlarged basis.

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