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Great Chi Ppt (00021) raises placement price to $0.122
23 Jul 2019
(Infocast News) For its placement of up to 662.539 million shares under a general mandate to independent third parties, Great China Properties (00021) and its placing agent have agreed to increase the placing price per share from HK$0.120 to HK$0.122, which represents a discount of 18.67% to the closing price of HK$0.150 per share on 22 July 2019.

With the change, the maximum net proceeds from the placement will be HK$77.6 million and will be used as general working capital and for possible business development or investment as originally planned.

Application has been made by the company to the Stock Exchange for resumption of trading in its shares with effect from 9:00 a.m. on 23 July 2019.

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