Jiading International Group Plans Share Placement at 15.66% Discount to Raise HK$4.7 Million
Stock News
Mar 26
Jiading International Group (08153) announced that on March 26, 2026, the company intends to place up to 6.933 million new shares. The placement shares represent approximately 20% of the total issued share capital as of the announcement date and about 16.67% of the enlarged share capital following the placement. The placement price is set at HK$0.70 per share, representing a discount of approximately 15.66% to the closing price of HK$0.83 per share on March 26. The net proceeds from the placement are expected to be around HK$4.7 million, assuming all placement shares are sold and after deducting related expenses. The funds will be used for general working capital purposes.
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