Hao Tian International Construction Investment Group (HKG:1341) completed the placing of 125 million shares at HK$0.40 apiece to raise net proceeds of around HK$49.3 million, a Monday Hong Kong bourse filing said.
The shares represent around 1.61% of the construction machinery company's enlarged issued share capital.
The firm will use proceeds from the issue to develop an internet data center in Malaysia, repay loans, and for general working capital.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.