Laopu Gold (HKG:6181) completed the placing of 4,310,000 new H shares to at least six investors on Thursday at HK$630 apiece to raise HK$2.7 billion, a Thursday Hong Kong bourse filing said.
The shares represent around 2.5% of the Chinese jewelry brand's enlarged issued share capital.
The firm will use proceeds from the issue to expand its sales network, optimize internal IT system, enhance R&D capabilities, and boost general working capital.
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