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00736 CHINA PPT INV
RTNominal unchange0.380 0.000 (0.000%)
Others

30/07/2021 10:14

China PPT Inv (00736) to raise HK$62.8 million

[ET Net News Agency, 30 July 2021] China Properties Investment Holdings Limited (00736)
said the board proposed to raise up to approximately HK$62.8 million on the basis of one
rights share for every one share held on the record date by issuing 133,583,303 rights
shares at the subscription price of HK$0.47 per rights share.
The estimated net proceeds will be approximately HK$60.4 million. The company intends to
utilise the net proceeds as (i) approximately HK$15.2 million for enhancement of the
properties investment business of the group, including but not limited to rental fee and
fee of renovation work for new lease of properties located in Shanghai; (ii) approximately
HK$15.6 million for renovation of existing properties of the group; (iii) approximately
HK$15 million for settlement of part of the current debts of the group; and (iv)
approximately HK$14.6 million for general working capital of the group. (RC)

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