HK Stock Market Move | TIAN CHENG HLDG (02110) resumes trading with more than 45% higher opening price. The company announces an increase in the placement price and plans to place up to 60 million shares.

TIAN CHENG HLDG(02110) resumed trading today, as of press time, it rose by 45.33% to 0.218 Hong Kong dollars, with a turnover of 63,200 Hong Kong dollars. On the news front, TIAN CHENG HLDG announced that on November 3, the company and the placing agent had further negotiated and signed a second supplementary placing agreement, with the placing agent agreeing to revise the placing price per share from 0.1 Hong Kong dollars to 0.121 Hong Kong dollars. It is reported that the company announced last month to place up to 60 million shares at 0.1 Hong Kong dollars per share, representing a discount of about 13.79% to the closing price of 0.116 Hong Kong dollars on the day before the placement announcement.