Asia
China Tianrui Automotive Raises HK$54.9 Million from Share Placement
China Tianrui Automotive Interiors (HKG:6162) completed the placing of 400 million shares to at least six investors to raise net proceeds of HK$54.9 million, according to a Wednesday filing with the Hong Kong bourse.The shares, representing roughly 16.67% of the company's enlarged issued share capital, were placed at a net issue price of HK$0.137 apiece.The automotive decorative components and parts manufacturer will use proceeds to repay loans and replenish general working capital.
HKG:6162
