Town Health further delays its time limit of top up placing

Town Health International (8138) announced that because its executive majordomo had not obtained the data needed for the exemption application, the time limit of finishing subscribing 50 mln new shares of Town Health International would be extended to June 21 or to the first trading day after the rest two agreement items were reached. 

Origin, the leading shareholder of the company entered into an agreement last month to place 50 mln shares in top up placing at HK$0.45 each to raise HK$22.5 mln with net proceeds of HK$21 mln, which would be earmarked for medicine projects and studying and developing diagnose medical equipments.

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