Greater China Sci-Tech raises HK$150 mln by placing shares to Taiwan investors

Greater China Sci-Tech Holdings (0431) announced that it will place 1.5 bln new shares at the price of HK$0.1 to 4 Taiwan investors to raise 150 mln, which will be used as ordinary operation capital. The placed share is 47.4% lower than closing price, accounting for 41.16% of the expanded shares. The new shareholders, who are expected to be the leading shareholders, have applied the Securities Regulatory Commission for exemption. The stock resumed trading today.

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