Putian Foods Co., Ltd. net reserve of 22.08 million – Newsletter website hkej.com

Pu Tian Food (01699) has announced that it will place 79.84 million new shares at a price of RMB 0.281 per share, with net fundraising of RMB 22.085 million.

The placement shares represent approximately 4.06% of the increased issued share capital and the offering price is a 13.85% discount on the closing price of the shares today for $ 0.33.

The company pointed out that 42.1% of the net allocation was used to repay the remaining bank loans with a principal of RMB 18 million due in December this year, and the balance was used for general working capital.

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