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Kafelaku Coffee Upsizes Private Placement to HK$11.6 Million

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Kafelaku Coffee Holding (HKG:1869) has revised the terms for its private placement offering to raise HK$11.6 million, up from HK$11 million, according to a Wednesday bourse filing.

The specialty coffee chain said it will now offer 282.1 million shares at HK$0.041 apiece, up from HK$0.039. The new offer price represents an 18% discount to the stock's last closing price.

Kafelaku also extended the offering closing date to Sept. 23 from Sept. 2.

Shares of the company are down 4% in open market trading on the HKEX.

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