China's resources re-licensing surge 64.56% stimulated by new shareholder introduction

Source: Internet
Author: User
or subject to a rights issue and the introduction of new shareholder incentives, the shares surged 64.56% to HK $0.65, a deal of HK $4.9071 million. The company allocated a total of 178 million new shares to the executive director of China's infrastructure Investment (0600-HK) in two phases, with a net financing of HK $60 million for general operation, at a HK $0.338 per share or discount of 14.4%.  Upon completion, GAO will become the main shareholder of 16% per cent of the shareholding. The unit suspended its licence in Monday and reported a 0.395 Hong Kong dollar prior to its suspension, with a strength of 83.72%.

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