New Concepts Raises HK$22 Million from Share Sale; Shares Slip 2%
MT Newswires Live
Aug 12, 2025
New Concepts (HKG:2221) completed the issue of 221.5 million shares to four independent third parties at HK$0.10 apiece to raise net proceeds of a little over HK$22 million, according to a late Monday disclosure.
Shares of the environmental protection services company were down 2% in Tuesday afternoon trading.
The issued shares represent around 12.12% of the company's enlarged issued share capital.
The firm will use proceeds from the issue to repay overdue lease and outstanding bond payables, as well as for general working capital.
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