Asia
New Silkroad Enters HK$138 Million Share Sale Agreement; Shares Jump 26%
New Silkroad (HKG:0472) said it agreed to issue HK$137.9 million worth of shares to six investors, according to a Hong Kong bourse filing Tuesday.The wine producer's shares jumped nearly 26% in late morning trade Wednesday.The firm plans to issue 641.5 million shares priced at HK$0.215 each to raise funds to expand its smart seed and semiconductors supply chain businesses.The shares represent 20% of the company's issued share capital, and 16.67% as enlarged by the sale.
HKG:0472
