LONDON (Alliance News) - All Asia Asset Capital Ltd Thursday said it has raised GBP330,000 through a subscription with two existing shareholders.
The investment company issued 2.0 million new shares to the shareholders at a price of 16.5 pence per share.
The company said the issue price equates to a premium of about 6.45% to the average closing price of its shares for the 30 days of trading before the news.
It said the subscription was due to investor demand.
The money will be used for working capital and to make new investments.
The subscription shares will be equal to a 0.94% stake in the company.
All Asia Asset Capital shares were untraded on Thursday. The shares last traded at 14.28 pence.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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