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Solartech International Holdings Ltd Announces Completion Of Placing Of New Shares


Friday, 9 Aug 2013 05:44am EDT 

Solartech International Holdings Ltd announced that all conditions of the Placing have been fulfilled and the completion of the Placing took place on August 09, 2013. 75,000,000 Placing Shares have been successfully placed by the Placing Agent to not less than six Placees at the Placing Price of HKD0.3 per Placing Share pursuant to the terms and conditions of the Placing Agreement. The net proceeds from the Placing, after deducting the placing commission of 2.5% on gross proceeds and other expenses in connection with the Placing, are approximately HKD21.7 million which are intended to used as to: approximately HKD12 million for plant and machinery and working capital of the new production lines of the Project and the remaining of approximately HKD9.7 million for repayment of trust receipt loans of the Group. 

Company Quote

0.079
0.0030 +3.95%
19 Dec 2014