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2003-12-19 11:31:00 a.m. HKT, XFNA
Hong Kong's Unity Investments to raise 5.92 mln hkd through share placement
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HONG KONG (AFX-ASIA) - Investment company Unity Investments Holdings Ltd
(913.HK) said it plans to raise 5.92 mln hkd through placing 40.00 mln new
shares, or 16.67 pct of its enlarged capital, at 0.148 hkd each with
independent institutional professional investors.
The company added that it will use the net proceeds of 5.80 mln hkd as
general working capital.
Substantial shareholder Colliers Assets Ltd will see its interest in the
company diluted to 23.22 pct from 27.86 pct after the placing, it said.
(1 usd = 7.80 hkd)
peter.chan@afxasia.com
ptc/swp
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