Zhongshen Jianye Raises Subscription Price Under Share Issue

MT Newswires Live

07/03

Zhongshen Jianye (HKG:2503) increased the per-share subscription price under a share subscription contract to HK$0.61 from HK$0.60 previously, a Thursday Hong Kong bourse filing said.

The new net proceeds from the issue will be HK$75.1 million and will be used to meet the capital needs of certain projects, as well as for general working capital.

The construction company on Wednesday agreed to issue a total of 123,552,000 shares to six investors.

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