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YOFC Plans to Place Shrs at ~15% Discount, Raising HKD2.23B Net
Recommend 4 Positive 10 Negative 4 |
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YOFC (06869.HK) announced this morning (10th) before the bell that it plans to place 70 million new H-shares (around 8.46% of the enlarged issued share capital) under general mandate. The placement price per share is HKD32.26, a discount of around 14.93% to yesterday's (9th) closing price. The company expects to raise net proceeds of around HKD2.2295 billion from the placement, with about 80% for overseas business development and about 20% for general working capital. AAStocks Financial News |
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