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ANXIANYUAN CH (00922) places shares for $21.8M
02 Dec 2019
(Infocast News) Anxian Yuan China (00922) has agreed to place shares at the placing price of HK$0.15 per share representing a discount of 11.24% to the closing price on 29 November.

148 million placing shares represents 16.66% of the total issued shares as enlarged by the placing.

The net proceeds from the placing will amount to HK$21.8 million, which will be used for repayment of existing debts and payables and general working capital of the group.

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