Cedar Base Electronic to raise HK$30mln by placement

Cedar Base Electronic (0855) declared that its major shareholder had placed 114mln new shares to the independent third party at HK$0.27 each, and purchased 114mln new shares at HK$0.2697 each, representing 16.5% of enlarged its shares capital, to raise HK$30mln for debt decrease anf general working capital.

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