CHONG FAI JEWEL completed the placement of 60 million shares, netting approximately HKD 8.3 million
CHONG FAI JEWEL completed the placement of 60 million shares, raising approximately HKD 8.3 million net. The placement was completed on August 15, 2025, at a price of HKD 0.144 per share, with shares issued to no fewer than six subscribers. The funds raised will be used for the company's working capital and general corporate purposes, including employee costs, rent, and other administrative expenses, expected to be utilized by the end of 2026
According to the Zhitong Finance APP, CHONG FAI JEWEL (08537) announced that the placement has been completed on August 15, 2025. A total of 60 million placement shares have been successfully placed and issued at a placement price of HKD 0.144 per share to no less than six subscribers.
The net proceeds from the placement amount to approximately HKD 8.3 million, which will be used by the company for the group's working capital and general corporate purposes, including but not limited to the group's employee costs, rental costs, procurement, and other general and administrative expenses, expected to be utilized by the end of 2026
