CONGYU INTE AGR discounted 11.76% for the placement, raising HKD 68.8 million

CONGYU INTE AGR (00875.HK) announced the placement of up to 152 million new shares, equivalent to a 21.9% increase in post-expansion share capital, requiring special authorization from shareholders; the placement price is HKD 0.45, representing an 11.76% discount to today's (1st) closing price. The total fundraising amount is HKD 68.8 million, with a net amount of HKD 67.3 million, of which approximately HKD 60 million is intended for repaying loans; the remainder will be allocated for general working capital