[ET Net News Agency, 21 June 2021] Skyfame Realty (Holdings) Limited (00059) said it
has agreed to place up to 490 million placing shares at the placing price of HK$0.877 per
placing share.
The estimated gross proceeds and net proceeds will amount to approximately HK$429.73
million and approximately HK$427.30 million, respectively. The company intends that
approximately 90% of the net proceeds (approximately HK$384.57 million) will be used for
the repayment of loans and approximately 10% of which (approximately HK$42.73 million)
will be applied as general working capital. (RC)