Star East to raise HK$80mln by placement

Star East (0198) declared to place 383mln shares at HK$0.185 each to raise HK$80mln for general working capital. ITC (0372), its major shareholer, purchased 67mln shares at the same price. The shares represented 25.86% and 4.52% of its enlarged shares capital. Upon completion, ITC maintain holding 14.94% of Stat East.

Related stock : (198;372)