China Investment Development Limited (HK:0204) has released an update.
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China Investment Development Limited has announced a share placing agreement to issue up to 172,940,000 new shares at HK$0.237 each, aiming to raise approximately HK$39.8 million. This move represents around 20% of the company’s current issued share capital and is intended to fund future investments, repay borrowings, and support general working capital. The shares will be placed by Pinestone Securities Limited and Ruisen Port Securities Limited to at least six independent professional investors.
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