Home Capital Equity raising

China Mining to raise $2.95 million placing out 70 million new shares

The Edge Singapore
The Edge Singapore 1/9/2022 9:59 PM GMT+08  • 1 min read
China Mining to raise $2.95 million placing out 70 million new shares
On Dec 17, the company completed the $7 mil acquisition of a pomegranate growing business
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

China Mining International plans to raise $2.975 million by placing out new shares to a group of investors including its own executive director and CEO Zhai Kebin.

The placement will be via two tranches with a total of 70 million shares. The shares issued under the first tranche will be at 4.2 cents each and those to be issued under the second tranche at 4.3 cents each.

According to China Mining International, the placement is to raise funds so as to give itself more working capital for fund the development and growth of its businesses, including a recently acquired agriculture business.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.