China Tianrui Cement (01252) completed placement matters and subscription matters

According to Zhitong Finance App, China Tianrui Cement (01252) issued an announcement. The placement and subscription matters were completed on January 3, 2025 and January 7, 2025, respectively.

All placement conditions have been met, and the placement was completed on January 3, 2025. A total of 145 million placed shares have been successfully placed at the placement price of HK$0.33 per placed share to no less than six independent undertakers selected and facilitated by the placement agent or on behalf of the placement agent.

Furthermore, all the conditions for the subscription have been met, and the subscription was completed on January 7, 2025. The seller subscribed for a total of 145 million subscribed shares (equivalent to the number of shares successfully placed in accordance with the placement matters). After deducting related costs, professional fees and actual expenses, the net subscription price was approximately HK$0.324 per subscribed share. The subscribed shares account for approximately 4.70% of the company's issued share capital after the subscription was expanded.