[ET Net News Agency, 31 December 2019] China Financial Leasing Group Limited (02312)
said it has agreed to place up to 321 million placing shares at the placing price of
HK$0.1.
The 321 million placing shares represents approximately 16.65% of the issued share
capital of the company as enlarged. The placing price represents a discount of
approximately 18.03% to the closing price of HK$0.122 on the date of the placing
agreement.
The gross proceeds will be HK$32.1 million. The net proceeds will amount to
approximately HK$31.1 million, which is intended to be used for general working capital of
the group and potential investments to be identified. (RC)