China United Venture Investment Limited Settles Debt Through Share Subscription

Reuters
Feb 02
China United Venture Investment Limited Settles Debt Through Share Subscription

China United Venture Investment Limited has announced the completion of the first and second subscription agreements, resulting in the capitalization and settlement of HK$5,664,000 of payables owed by the company. The gross proceeds from these transactions amounted to HK$2,400,000, with net proceeds of approximately HK$2,000,000, which will be used for the group’s general working capital purposes. The company also noted a change in its shareholding structure following completion of these agreements.

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