China HK Power Smart Energy Group (HKG:0931) completed the issue of 50 million shares to Huang Jiajia, raising HK$14.3 million in net proceeds, according to a Friday Hong Kong bourse filing.
The shares, representing about 0.60% of the enlarged share capital, were issued at HK$0.290 apiece.
The LNG and smart energy company said proceeds will be used for general working capital, including rent, staff costs and administrative expenses.
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