China Uptown Group Company Limited has announced the successful completion of a private placement of 75,474,291 new shares under its general mandate. The shares were placed to three independent investors-Mr. Chen Hui, Ms. Liu Xiaoling, and Mr. Li Yanyong-at a price of HK$0.180 per share. The placement represents approximately 16.67% of the company's enlarged issued share capital following completion. The net proceeds from the placement, after deducting commissions and expenses, amounted to around HK$13.52 million. None of the placees became a substantial shareholder as a result of the placement.
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