CCCC Anrui Technology will issue new shares to raise approximately HK$780 million.
China Merchants Port Holdings announced on the Hong Kong Stock Exchange that it has agreed to issue up to 79.7 million new shares at a price of HK$9.79 per share. The issue price represents a discount of approximately 7.73% from the closing price of HK$10.61 on Monday. The proceeds from the issuance are expected to be around HK$780 million, with approximately 50% earmarked for capital expenditures in the clean energy business and the remaining 50% for general operational purposes. Citic Securities will serve as the placement agent.
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