Zhongshi Minan Holdings Ltd. Completes Placement of 9.6 Million New Shares Under General Mandate
Reuters
Jul 28
Zhongshi Minan Holdings Ltd. Completes Placement of 9.6 Million New Shares Under General Mandate
Zhongshi Minan Holdings Ltd. has successfully completed a private placement of new shares under a general mandate. The company placed an aggregate of 9,600,000 shares, representing approximately 16.67% of the issued shares immediately after the completion, to not less than six placees at a placing price of HK$0.60 per share. This strategic move aims to strengthen the company's financial position and support its growth initiatives. The executive team, led by Chairman and CEO Wang Lei, expressed satisfaction with the successful completion of the placement, which reflects investor confidence in the company's future prospects.
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