Sino Construction raises $6.5m with new share subscription arrangement
It issued 262m new shares to four individuals.
Sino Construction has raised $6.5m with the issuance of 262m new shares to four individuals.
The shares were priced at $0.0248 per share, representing discount of approximately 9.8% to the weighted average price of $0.0275 for Sino Construction’s ordinary shares for the full market day on 26 March 2015.
The new shares represent approximately 6.4% of the existing issued share capital of the company.