China Carbon Neutral Development Completes HK$48 Million Share Offering
MT Newswires Live
Jan 26
China Carbon Neutral Development Group (HKG:1372) completed a HK$48 million share offering, according to a Monday Hong Kong bourse filing.
The carbon-credit trading company sold 32 million shares at HK$1.50 apiece to raise funds for working capital.
The shares represent 4.74% of the firm's issued share capital as enlarged by the sale.
Meanwhile, the firm said its substantial shareholder Sha Tao purchased a total of 3.9 million shares of the company from the open market.
The shares were bought at an average price of HK$1.20 apiece and represent a total of 0.58% of the firm's issued share capital.
The purchase boosted Sha's holdings to 23.77% of the business, the company said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.