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HARMONY AUTO places shares to Lee Ka Kit
21 Nov 2019
(Infocast News) Harmony New (03836) has agreed to place up to 52 million placing shares to Lee Ka Kit, the chairman of Henderson Land Development (00012) at a price of HK$3 per share, representing a premium of 9.09% over the closing price on the last trading day.

The maximum placing shares of 52 million shares represent 3.31% of the issued share capital of the company as enlarged by the placing.

The net proceeds from the placing are estimated to be HK$154.76 million. The company intends to use the net proceeds for establishing long term partnerships with the company’s strategic partners and for the general working capital of the company to meet running expenses.

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