[ET Net News Agency, 8 August 2019] Tesson Holdings Limited (01201) said it has agreed
to place up to 15 million placing shares to placees at a price of HK$0.5 per placing
share.
The maximum of 15 million placing shares represents 1.25% of the company's issued share
capital as enlarged by the placing shares. The placing price of HK$0.5 represents a
premium of 1.01% to the closing price of HK$0.495 per share on the date of the placing
agreement.
The gross proceeds will be HK$7.5 million and the net proceeds will amount to HK$7.3
million, which is intended to be used for the purpose of general working capital of the
company. (RC)