<p>CHINASINOSTAR (00485.HK) announced that it will issue a total of 42 million new shares to an independent third party, equivalent to 16.48% of the enlarged share capital; the price per share is HKD 0.3, representing a discount of 6.25% compared to the last trading day (5 days ago). The total amount raised is HKD 12.6 million, with a net amount of HKD 12.35 million, intended for funding needs of property development projects and cash flow</p>

00485

<p>CHINASINOSTAR announced that it will issue a total of 42 million new shares to an independent third party, equivalent to an enlarged share capital of 16.48%; the price per share is HKD 0.3, representing a discount of 6.25% compared to the last trading day (5th). The total amount raised is HKD 12.6 million, with a net amount of HKD 12.35 million, intended for funding requirements for property development projects and cash flow</p>

CHINASINOSTAR issues new shares at a discount of 6.25%, raising a net amount of 12.35 million yuan