Pu'er Lancang Ancient Tea Co. Ltd. has announced progress on its issuance of H shares under a general mandate. The company has received total subscription monies of HKD59.04 million from four subscribers at a price of HKD2.46 per share. Upon completion, the new H shares will be allotted and issued to the subscribers in accordance with their respective agreements. The board will provide further updates on the completion and issuance process as appropriate.
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