YNBY International (HKG:0030) reduced the per-share placing price under a share placement contract to HK$0.1161 from HK$0.116 originally, a Monday Hong Kong bourse filing said.

The goods and commodities trader had, on May 2, agreed to place up to 1,359,982,832 shares to at least six investors.

Based on the new placing price, the company will raise maximum net proceeds of around HK$156.3 million from the placement.

The firm intends to use the proceeds to support international business development costs, as well as for general working capital and future investment or expansion.