JTF International (HKG:9689) agreed to issue up to 186 million new shares under a placement agreement to raise net proceeds of HK$126.3 million, according to a Friday Hong Kong bourse filing.
The shares, representing 16.67% of the petrochemical company's enlarged issued share capital, will be issued to at least six investors at HK$0.694 apiece.
The firm will use 90% of the proceeds to boost its trading capacity in China and 10% for general working capital.
Ningbo Donly (SHE:002164) plans to sell the entire stake in subsidiary Ningbo Onic Automatic Door to controlling shareholder Dongli Holding Group for 35.3 million yuan.Ningbo Onic Technology is responsible for Donly's door control segment's production and sales, according to a Friday filing with the Shenzhen bourse.
Ming Yuan Cloud's (HKG:0909) Chief Financial Officer Xiao Zhimiao resigned effective Friday due to personal arrangements, according to a Friday Hong Kong bourse filing.The software company, on the same day, named Huang Bingqi as its new CFO. Huang has been part of the group since January when she joined as the head of finance of the overseas business department.Separately, the firm granted over 16.5 million award shares to 109 employees. The shares represent around 0.86% of the firm's issued share capital.The company now has a little over 62.6 million underlying shares available for future grants under the scheme limit and 9.8 million shares under the service provider sublimit.
Jiangxi Bestoo Energy (SHE:001376) looks to raise up to 272.8 million yuan from the sale of 27.7 million shares to controlling shareholder Beijing Baitong Huanyu Technology under a private placement deal at 9.85 yuan apiece, according to a Friday filing with the Shanghai/Shenzhen bourse.