Aidigong Maternal & Child Health (HKG:0286) raised about HK$72.1 million in net proceeds after completing the placement of 44,350,000 placing shares to at least six placees, according to a Wednesday filing with the Hong Kong bourse.
The placement price was HK$1.68 per share. The placement shares amounted to 23.08% of the company's enlarged issued share capital after the placement.
The proceeds will be used for the retirement of debt and general working capital needs, the filing said.
Shares of the company were down by 11% in recent trading.
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