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China Uptown Eyes HK$6.2 Million From Share Placement
China Uptown Group Announces New Share Placement to Raise HK$5.9 Million
CHINA UPTOWN (02330.HK) plans to place up to 61.064 million shares at a discount of approximately 20.0%.
On April 22, GELONGHUI announced that CHINA UPTOWN (02330.HK) has entered into a placement agreement with the placement agent, intending to place up to 61.064 million shares, which represents approximately 19.3% of the existing issued share capital as of the date of this announcement and about 16.2% of the issued share capital after the placement and issuance of all placement shares. The placement price is HKD 0.100 per share, which is a discount of approximately 20.0% compared to the closing price of HKD 0.125 per share reported on the Hong Kong Stock Exchange on the date of the placement agreement. The total amount raised from the placement is expected to be approximately HKD 6.1 million.
Express News | China Uptown - to Place 61.1 Mln Placing Shares at HK$0.100 per Share
CHINA UPTOWN: (1) ANNUAL RESULTS FOR THE YEAR ENDED31 DECEMBER 2024;(2) APPOINTMENT OF MEMBER OF THENOMINATION COMMITTEE; AND(3) RESUMPTION OF TRADING
CHINA UPTOWN (02330.HK) held a Board of Directors meeting on April 11 to consider and approve the annual performance.
Gelonghui reported on April 10 that CHINA UPTOWN (02330.HK) announced that a Board of Directors meeting will be held on Friday, April 11, 2025, to consider and approve (including) the audited annual performance of the group for the year ending December 31, 2024, and the proposed final dividend (if any).
