China Tianrui Group Cement Co., Ltd. (HK:1252) has released an update.
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China Tianrui Group Cement Co., Ltd. has announced a top-up placing of existing shares and a subscription for new shares under a general mandate, aiming to raise approximately HK$47.0 million. The proceeds will primarily be used for debt repayment and as working capital. The company plans to place up to 145 million shares, representing about 4.94% of its existing share capital.
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