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China Wood International Announces Share Placement
Company Announcements

China Wood International Announces Share Placement

China Wood International Holding Co., Limited (HK:1822) has released an update.

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China Wood International Holding Co., Limited has initiated a placement of new shares, aiming to issue up to 68.5 million shares at a discounted price of HK$0.226 each, which is below the recent average closing rates. The proceeds, estimated to reach around HK$15.2 million net, will be allocated primarily towards debt repayment and general working capital. Shareholders are advised to be cautious as the placement’s completion is contingent on certain conditions being met.

For further insights into HK:1822 stock, check out TipRanks’ Stock Analysis page.

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