3 stories mentioning HKG:9958Updated 17d ago
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Litian Pictures (HKG:9958) said Chairman Yuan Li resigned as an executive director to pursue personal endeavors, effective Friday, according to a same-day filing with the Hong Kong bourse.The company redesignated independent non-executive director Xie Taoquan appointed him chairman of the board.
Litian Pictures (HKG:9958) raised about HK$10.3 million in net proceeds from a placing of new shares under a general mandate, according to a Wednesday Hong Kong bourse filing.Shares of the film production company were down nearly 2% in late morning trade on Thursday.The company issued 68 million new shares at HK$0.156 each, representing about 13.6% of its enlarged share capital.Net proceeds will be used for general working capital for the group's existing business and are expected to be fully utilised by the end of the year, the company said.
Litian Pictures (HKG:9958) said it plans to place up to 68 million new shares at HK$0.156 apiece under its general mandate, raising net proceeds of about HK$10.3 million, according to an April 10 Hong Kong bourse filing.Shares of the film production company were down nearly 4% in late morning trade on Monday.The placing shares represent about 15.7% of the company's existing issued share capital.The placing price represents a discount of about 15% to the stock's last close and nearly 16.8% to the five-day average price, the filing said.Litian Pictures said net proceeds will be used for general working capital.
