China ZhongDi Dairy Holdings Company Limited announced that it expects to receive HKD 203.341515 million in funding from HongKong Jingang Trade Holding Company Limited
China ZhongDi Dairy Holdings Company Limited (SEHK:1492) announced that it has entered into a share subscription agreement with new investor HongKong Jingang Trade Holding Company Limited for a private placement of 432,641,522 common shares at a price of HKD 0.47 per share for gross proceeds of HKD 203,341,515.34 on July 31, 2020. As a part of the transaction, investor will acquire 16.6% stake in the company.