Hao Tian International Plans Share Placing

Hao Tian International Construction Investment Group Limited (HK:1341) has released an update.

Hao Tian International Construction Investment Group Limited has announced a conditional agreement to issue a maximum of 1,524,224,000 new shares at a discounted price of HK$0.4 each, which represents about 16.67% of its enlarged issued share capital. The proceeds, estimated at a net HK$600 million, are earmarked for general working capital and investments in electric vehicle and charging businesses in Asia, as well as existing projects like the land development in Malaysia. Investors are advised to exercise caution as the completion of this placing is contingent on several conditions.

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