Envision Greenwise (HKG:1783) completed the issue of 12,263,000 shares at HK$8.10 apiece to multiple third parties to raise net proceeds of HK$99.2 million, a late Tuesday Hong Kong bourse filing said.
Shares of the superstructure building works services provider were down over 1% in Wednesday afternoon trading.
The shares represent approximately 0.889% of the firm's enlarged issued share capital.
The firm will use proceeds from the issue for its EcoPark project, RMAA business, and general working capital.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.