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EcoGreen International Group (02341) said it has agreed to place 100 million shares
at HK$1.53 per share.
The placing shares represent 14.81% of the existing issued share capital of the company,
and 12.90% of the issued share capital of the company as enlarged by the issue of the
placing shares.
EcoGreen said the placing offers a good opportunity to raise additional funds to
strengthen the financial position, broaden the shareholder base and capital base of the
group so as to facilitate its future development.
The maximum net proceeds of from the placing will amount to HK$150.9 million, which will
be applied mainly towards the repayment of bank borrowings. |
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