[ET Net News Agency, 28 November 2019] China Internet Investment Finance Holdings
Limited (00810) said it has conditionally agreed to place up to 156.9 million placing
shares at the placing price of HK$0.105 per placing share to currently expected to be not
less than six placees.
A maximum of 156.9 million placing shares represents approximately 16.64% of the issued
share capital as enlarged by the issue of the placing shares. The estimated gross proceeds
and net proceeds will amount to approximately HK$16.47 million and approximately HK$15.96
million, respectively.
The company intends that the net proceeds will be used for general working capital
and/or potential investments to be identified. (RC)