China Uptown Group Company Limited has announced a placing of new shares under its general mandate. The company will issue new ordinary shares through a placing arrangement, with shares to be allotted and issued to independent third-party investors procured by the placing agent. The placement is conducted under the authority granted to the directors at the most recent annual general meeting, allowing them to issue up to 20% of the company's issued share capital. The move aims to strengthen the company's capital base and support its future business development.
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