Zhongtian Construction (Hunan) Group Limited (HK:2433) has released an update.
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Zhongtian Construction (Hunan) Group Limited has successfully completed the placement of 96 million new shares, raising about HK$15.6 million in gross proceeds. This financial move, which represents a 16.7% increase in the company’s issued share capital, aims to fund the construction of a cultural exhibition center in Jiangxi Province and support general working capital. The placement was conducted with independent third-party placees, ensuring no single entity became a substantial shareholder.
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