Zhong Jia Guo Xin (HKG:0899) agreed to place 262,752,672 shares to at least six investors at HK$0.1 apiece to raise net proceeds of a maximum of HK$25.5 million, a Tuesday Hong Kong bourse filing said.
The shares represent roughly 16.7% of the property developer's enlarged issued share capital.
The firm will use proceeds from the placing for general working capital.
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