---
title: "CONGYU INTE AGR discounted 11.76% for the placement, raising HKD 68.8 million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281394317.md"
description: "CONGYU INTE AGR announced a 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, a discount of 11.76% compared 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"
datetime: "2026-04-01T15:29:33.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281394317.md)
  - [en](https://longbridge.com/en/news/281394317.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281394317.md)
---

# 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

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