Zhongtian Construction (Hunan) Group Limited (HK:2433) has released an update.
Zhongtian Construction (Hunan) Group Limited has announced a conditional agreement with I Win Securities Limited to place up to 96 million new shares, representing 20% of its current issued share capital and about 16.7% post-issue. The placement, priced at HK$0.162 per share, is contingent on the Hong Kong Stock Exchange’s approval and is aimed at at least six independent third-party placees. Shareholders and potential investors are advised to exercise caution as the placement’s completion remains uncertain.
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