CHINA FORTUNE (00110) completed the issuance of 16 million subscribed shares.
China Long-Term (00110) announced that all the preconditions stated in the subscription agreement have been met and completed in accordance with such agreement.
CHINA FORTUNE (00110) announced that all the preconditions stated in the subscription agreement have been met and completed, and according to the terms and conditions of the subscription agreement, a total of 16 million subscribed shares (representing approximately 6.3% of the enlarged share capital of the company issued through the issuance and subscription shares) have been issued and distributed to subscribers at a subscription price of HK$0.26 per subscribed share on January 22, 2025. As disclosed in the announcement, the net proceeds of the subscription amount (after deducting all related expenses) of approximately HK$4.12 million will be used for the general operating funds of the group.
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