China Uptown (HKG:2330) completed the placement of 61,064,000 shares to six investors at HK$0.105 on Wednesday to raise net proceeds of HK$6.2 million, a Wednesday Hong Kong bourse filing said.
The shares represent 16.2% of the firm's enlarged issued share capital.
The property developer and raw sugar trader will use proceeds from the placement for general working capital.
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