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Dalipal Completes HK$385 Million Top-Up Placing, Subscription

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-- Dalipal (HKG:1921) completed the previously announced share placing and top-up subscription to raise about HK$385.2 million in net proceeds, according to a Thursday Hong Kong bourse filing.

The oil and gas pipes business' shares fell nearly 3% in late morning trade Friday.

Controlling shareholder Rosy Astral Limited placed 74.3 million shares at HK$5.28 each to new investors and simultaneously subscribed to the same number of new shares from Dalipal.

The shares represent 4.70% of the company's enlarged share capital.

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