GHW International (HKG:9933) expects to raise HK$24.7 million by placing up to 9.5 million shares to at least six independent parties at HK$2.60 apiece under general mandate, a Thursday Hong Kong bourse filing said.

The shares represent about 0.94% of the enlarged issued share capital of the company.

The chemical intermediates manufacturer plans to use the net proceeds of a little over HK$24.3 million for the general working capital of the group.