China Wood International Completes Share Placement

China Wood International Holding Co., Limited (HK:1822) has released an update.

China Wood International Holding Co., Limited has successfully completed the placement of 68,490,000 new shares, raising approximately HK$15.2 million in net proceeds for debt repayment and general working capital. The placement resulted in a change to the company’s shareholding structure, where Placees now hold approximately 16.66% of the enlarged share capital, and the Director’s shareholding percentage has decreased to 54.98%. This strategic move aims to strengthen the company’s financial position and support its ongoing operations.

For further insights into HK:1822 stock, check out TipRanks’ Stock Analysis page.