China-Funded International Holding Plans Share Placement at 14.04% Discount to Raise Up to HK$4.83 Million Net
Deep News
Yesterday
China-Funded International Holding (08118) announced on September 11, 2026, that it has entered into a placing agreement with a placing agent. The company intends to place up to 100 million placing shares to no fewer than six placees through the agent, at an offer price of HK$0.049 per share, which represents a discount of 14.04% to the closing price of HK$0.057 per share as quoted on the Stock Exchange on the last trading day.
Assuming all placing shares are fully subscribed, the net proceeds from the placement are estimated to be approximately HK$4.83 million. The company plans to use the entire amount as general working capital for the group.
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