Last checked at 
Yu placed the shares - through an accelerated bookbuild process - at a price of
The placed shares represented 8.5% of Yu's share capital prior to the placing. After admission to trading - expected next Wednesday - the placed shares will be equivalent to 7.9% of its total 15.3 million shares outstanding.
Shore Capital Stockbrokers Ltd acted as sole bookrunner for the placing.
Late Tuesday, Yu had said the placing proceeds will be used to support the collateral required for the company's letters of credit that supports the its energy hedging policy. It will also be used to invest in the company's infrastructure and for general working capital purposes.
