China Bozza Announces New Share Placement Plan

China Bozza Development Holdings Limited (HK:1069) has released an update.

China Bozza Development Holdings Limited has announced a conditional agreement to place up to 143 million new shares at HK$0.043 each through Cheong Lee Securities Limited, targeting at least six independent third-party placees. If fully placed, the company expects to raise about HK$6.15 million in gross proceeds, with net proceeds around HK$5.85 million. The agreement is still subject to certain conditions, and the company warns shareholders and potential investors to be cautious with their share dealings.

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