Chong Fai Jewellery Announces Private Placement of New Shares Under General Mandate

Reuters
Aug 01
Chong Fai Jewellery Announces Private Placement of New Shares Under General Mandate

Chong Fai Jewellery Group Holdings Company Ltd. has announced the placement of new shares under a general mandate. The company, incorporated in the Cayman Islands and listed on GEM of the Stock Exchange of Hong Kong, has engaged SBI China Capital Financial Services Limited as the Placing Agent for this initiative. The Directors of the company have confirmed the accuracy and completeness of the information related to this announcement. The completion of the share placement will occur within two business days following the fulfillment of the conditions under the Placing Agreement. This move represents a significant step for Chong Fai Jewellery Group as it seeks to strengthen its capital base.

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