Hao Tian International completes share placing to expand margin financing

Hao Tian International Construction Investment Group Limited announced the completion of a placing of 249,224,000 new shares under its general mandate. These shares, representing approximately 2.25% of the enlarged issued share capital, were issued at HK$0.118 per share to not less than six independent placees. The transaction increased the total number of issued shares from 10,846,152,835 to 11,095,376,835.

The placing generated gross proceeds of HK$29.4 million and net proceeds of approximately HK$28.7 million. The company intends to allocate these net proceeds towards expanding the margin financing business of its Licensed Corporation, aligning with its strategic growth objectives.

Following the completion, the shareholding structure saw the introduction of the placees holding 2.25% of the shares, while other public shareholders' approximate percentage decreased from 90.73% to 88.68%. Existing shareholders like Mr. Fok Chi Tak, Mr. Xu Lin, and China Harbour International Asset Management Limited maintained their number of shares, but their approximate percentage holdings were diluted.