Hao Tian International proposes HK$40m share placement

Hao Tian International Construction Investment Group Limited plans to place 200 million new shares at HK$0.20 each, raising approximately HK$40 million in gross proceeds.

The placing price represents a 3.85% discount to the August 7 closing price. The new shares will represent 2.21% of existing issued capital, with net proceeds of HK$39.4 million intended for general working capital.