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Tatung Group (00544.HK) Issues New Shares at 13.64% Premium, Net Proceeds HKD11.4 million
Tatung Group (00544.HK) announced that it has issued 5.8022 million new shares to an independent third party, China Nongke International Holdings, representing 11.46% of its enlarg...
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Tatung Group (00544.HK) Issues New Shares at 13.64% Premium, Net Proceeds HKD11.4 million
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Tatung Group (00544.HK)  -0.050 (-2.703%)   announced that it has issued 5.8022 million new shares to an independent third party, China Nongke International Holdings, representing 11.46% of its enlarged share capital. The issue price was HKD2 per share, representing a premium of 13.64% to today's (27th) closing price. The gross proceeds amounted to HKD11.6 million, with net proceeds of HKD11.4 million. The company intends to use the funds for debt repayment and general working capital. (de/d)(HK stocks quote is delayed for at least 15 mins.)

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