Rept Battero Raises HK$794 Million via H-Share Placement; Shares Rise 6%
MT Newswires Live
Nov 10
REPT BATTERO Energy (HKG:0666) raised net proceeds of about HK$794.3 million through the placement of 60 million new H shares under its general mandate, according to a Nov. 7 Hong Kong bourse filing.
The shares were placed at HK$13.35 each to no fewer than six independent investors.
The new shares account for 6.4% of REPT BATTERO's issued H shares and about 2.6% of its total share capital upon completion.
Following the placement, REPT BATTERO's total issued shares rose to 2.34 billion, including 934.4 million H shares and 1.40 billion domestic unlisted shares, the company said.
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