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CHINA ECO-FARM (08166) places for HK$8.40M
23 Sep 2019
(Infocast News) China Eco-Farming (08166) has agreed to place up to 155.42 million new shares which represents 16.67% of the issued shares as enlarged by the placing.

The placing price of HK$0.055 represents a discount of 6.78% to the closing price of HK$0.059 per share as quoted 20 September 2019.

The maximum net proceeds from the placing will be HK$8.40 million which are intended to be used as to repayment of loans and general working capital. (WL)
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