Grand Field places 27.2 mln shares to purchase domestic travel agency

Grand Field group Holdings (0115) declared that it placed 170 mln new shares at HK$0.16 each to raise HK$27.2 mln including a net amount of HK$26.5 mln which would be used for the acquisition of domestic travel agency.

The placing price was a 17.1% discount of the closing price last Friday and the new shares accounted for 11.61% of the expanded shares.

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