China Tiantian Chemical (00362) announced that on May 20, 2024, the company plans to place up to 300 million placing shares to no less than six placees through placing agents, accounting for approximately 22% of the enlarged share capitalgalagavideogame.2%。Placing price 0 per placing sharegalagavideogame.1 Hong Kong dollars, representing a discount of approximately 2.0% to the day's closing price of HK$0.102 per share.
Assuming that all placing shares are fully placed, a net raise of approximately HK$29.4 million will be used to repay the groupgalagavideogamedebt and interest expenses, and HK$5.4 million for the groupgalagavideogameGeneral working capital.