Asia
Jakota Capital Raises HK$34 Million from Share Placement; Shares Jump 3%
Jakota Capital (Holding) Group (HKG:1468) completed the placement of nearly 347.4 million shares to raise net proceeds of HK$34 million, according to a Thursday Hong Kong bourse filing.Shares of the insurance firm were up nearly 3% in Friday afternoon trading.The shares, representing roughly 16.67% of the firm's issued share capital, were placed to at least six investors at HK$0.1 apiece.The company will use proceeds to repay a loan and corporate bonds, as well as replenish its working capital.
HKG:1468
