CHINA RISUN GP (01907) completes a placement of 52 million shares, raising approximately HK$153.6 million.

CHINA RISUN GP (01907) announced that the placement and subscription activities were completed on December 20, 2024, and December 27, 2024, respectively. A total of 52 million shares of placement shares were successfully placed to no less than six placees at a placement price of HK$3.00 per share, and the seller subscribed for a total of 52 million subscription shares at a subscription price of HK$3.00 per share, raising a net amount of approximately HK$153.6 million. Approximately 50% of the net proceeds will be used to optimize the financial structure (including but not limited to repaying bank loans and lease liabilities), and approximately 50% of the net proceeds will be used for general working capital.