-- 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.