China Investment Development Limited (HK:0204) has released an update.
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China Investment Development Limited has successfully completed the placement of 172,940,000 new shares, raising approximately HK$39.8 million. This move, which accounts for 16.67% of the company’s enlarged share capital, aims to manage borrowings, support general working capital, and explore future investment opportunities. The placing was conducted with independent third parties, ensuring no new substantial shareholders emerged.
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