---
title: "CONFIDENCE IN offered a 19.4% discount on the placement, raising a net amount of HKD 13.1 million"
description: "CONFIDENCE IN announced a placement of up to 50 million new shares, equivalent to an enlarged share capital of 16.67%; the placement price is HKD 0.27, representing a discount of 19.4% compared to the"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/244576865.md"
published_at: "2025-06-15T10:46:28.000Z"
---

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

> CONFIDENCE IN announced a placement of up to 50 million new shares, equivalent to an enlarged share capital of 16.67%; the placement price is HKD 0.27, representing 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

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

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.