China EnvRes discounts 2.5% to issue up to 64.1 million new shares, raising HKD 30 million
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China EnvRes announced a placement agreement with the placement agent to place up to 64.1 million new shares at HKD 0.468 per share, raising a maximum of HKD 30 million. The price per share represents a discount of approximately 2.5% compared to yesterday's closing price of HKD 0.48. The new shares will account for approximately 11.59% of the enlarged share capital, and the proceeds will be used to repay loans, develop recycling and motorcycle parts businesses, settle outstanding accounts payable, and for general working capital
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