LITIAN PICTURES offered a 14.75% discount on its rights issue, raising a net amount of 10.33 million yuan

LITIAN PICTURES (09958.HK) announced the placement of up to 68 million new shares, equivalent to a 13.6% increase in the enlarged share capital; the placement price is HKD 0.156, representing a discount of 14.75% compared to the closing price on the last trading day (10th). The total fundraising amount is HKD 10.61 million, with a net amount of HKD 10.33 million intended for general working capital