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China Huajun Issues 12M Shares at HK$1.09 with 2.68% Discount on July 2

2026-07-02 13:51:37

On July 2, China Huajun (00377) priced a placement of 12 million shares at HK$1.09 per share, representing a 2.68% discount to the closing price of HK$1.12 on the signing date. The new shares will represent approximately 12.84% of the company's enlarged issued capital. The placement is expected to raise approximately HK$13 million in net proceeds after direct costs, which the company intends to use for debt repayment and general working capital purposes.

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