China Financial International Raises Capital via Discounted Share Placement and Warrant Issue
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China Financial International Investments Limited (HK:0721) has announced a capital raise through the issuance of 2,194,326,806 new shares at HK$0.04 each, representing a 20% increase in share capital at a discount to market prices. This move, pending approval, will dilute existing shareholders but aims to strengthen the company's capital for future investments. Additionally, the company will issue 2,501,532,559 non-listed warrants at HK$0.005 each, with an exercise price of HK$0.058 per share, potentially altering the shareholding structure if fully exercised.
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