ACME INTL HLDGS places 30 million new shares to raise HKD 16.5 million
ACME INTL HLDGS (01870.HK) announced the placement of up to 30 million new shares, accounting for 2.95% of the company's expanded share capital; the placement price is HKD 0.55, equivalent to today's (9th) closing price. The total fundraising amount is HKD 16.5 million, with a net amount of HKD 16.1 million intended for the development of electricity trading business and related potential green electricity energy projects in mainland China; and for general working capital
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