CONFIDENCE IN offered a 19.4% discount on the placement, raising a net amount of HKD 13.1 million

CONFIDENCE IN (01967.HK) announced the placement of up to 50 million new shares, equivalent to an enlarged share capital of 16.67%; the placement price is HKD 0.27, a discount of 19.4% compared to the last trading day (13th). The total fundraising amount is HKD 13.5 million, with a net amount of HKD 13.1 million intended for the purchase of production facilities and new machinery; repayment of bank loans; and general working capital