Haitian Energy Raises USD18.3 Million in Private Placement of Shares

Published: Oct 10 2017
Deal Summary

Haitian Energy International Ltd., a hydropower generation company, has completed private placement of 715,192,000 shares at a price of HKD0.2 (USD0.02) per share, for gross proceeds of HKD143.04 million (USD18.32 million). The offering was subscribed to by 36 investors.

The shares issued in the offering representing approximately 7.82% of the issued share capital of the company as on October 10, 2017.

Deal History:

Announcement: On October10, 2017, Haitian Energy International agreed to issue up to 740,000,000 shares of the company in the private placement.

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