China Upper City (02330.HK) completes the placement of 61.06 million shares, raising approximately HK$6.2 million.

Zhitong Finance APP News, China Shangcheng (02330.HK) announced that all conditions of the placement agreement have been met, and the placement transaction was completed on May 14, 2025. The placement agent has successfully placed a total of 61.064 million shares of placement shares to six underwriters in accordance with the terms and conditions of the placement agreement, at a placement price of HK$0.105 per share.