China Agroforestry Low-Carbon (01069) said it agreed to place, on a best effort basis, 74 million new shares at HK$1.3 apiece, representing a discount of about 18.75% to the closing price of HK$1.6.
The placing shares represent around 15.73% of the enlarged issued share capital of China Agroforestry Low-Carbon.
The estimated net proceeds of about HK$94.57 million will be used for the purpose of investment in biomass fuel project(s), repayment of liabilities and general working capital.
25/04/2014 10:19
CA Low-Carbon (01069) places 74m shares for HK$94.57m
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