Jiading International Group Holdings Limited has announced a private placement involving the issuance of new shares under a general mandate. The company has entered into a Placing Agreement with Cheong Lee Securities Limited, the Placing Agent, to facilitate this process. The net proceeds from this placement, approximately HK$1.38 million, are earmarked for general working capital. Prior to this announcement, Jiading International Group Holdings had not engaged in any equity fund raising activities within the past twelve months. Upon completion, the new share issuance will result in placees holding 4.76% of the company's shares, with the remaining 95.24% held by other public shareholders.
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