China Food Group (08283.HK) plans to discount about 17.81% to sell up to 9.6 million shares, raising approximately 5.4 million Hong Kong dollars.

Wisdom Financial News APP News, China Food People's Safety (08283.HK) announced that on July 14, 2025 (after the trading session of the Stock Exchange of Hong Kong), the company entered into a placing agreement with the placing agent. Under the agreement, the company conditionally agreed to place up to a maximum of 9.6 million placing shares to not less than six placees through the placing agent. The placing price is HK$0.60 per placing share, representing a discount of approximately 17.81% to the closing price of HK$0.73 per share reported by the Stock Exchange on the date of the placing agreement.