China Ruyi (HKG:0136) amended its planned share issuance to Infini Global Master Fund, lowering the number of shares it would issue to the firm from 910 million to 800 million, according to a Thursday Hong Kong bourse filing.

The firm also agreed to issue the shares at HK$2.6 apiece as opposed to HK$3 previously. The sale will gross HK$3.25 billion.

The new allotment represents 4.88% of the company's issued share capital, and 4.65% on an enlarged basis.

The update follows the completion of the first tranche on Aug. 18, when 390 million new shares were issued at HK$3.00 each.

In August, China Ruyi agreed to issue 1.3 billion shares in total to Infini Capital, raising about HK$3.90 billion in net proceeds.