Envision Greenwise (HKG:1783) said it agreed to issue $20 million worth of shares to pay for a purchase order with U.S. metal recycler Fortune Metal Group, according to a Hong Kong bourse filing Monday.
Shares of the superstructure building works services provider fell over 1% in morning trade Tuesday.
The agreement gives Envision Greenwise the exclusive trading rights to sell recyclable materials and recycled products produced by Fortune Metal Group globally.
The shares represent 1.43% of the company's existing issued share capital and 1.41% on an enlarged basis.
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