Asia
Diwang Industrial Terminates Planned Share Placement
Diwang Industrial Holdings (HKG:1950) terminated its planned placing of up to 72 million new shares at HK$0.087 each under a general mandate after attracting interest from only one prospective investor.The company and the placing agent agreed to terminate the placing agreement on July 13, according to a same-day Hong Kong bourse filing. The termination is not expected to have a material adverse impact on the construction company's business operations or financial position.
HKG:1950
