widening the shareholder base and improving gearing level
(18 may 2016 – hong kong) vinda international holdings limited (stock code: 3331) announced that it has placed a total of 30,000,000 shares, representing 2.79% of total issued capital of the company, at hk$13.25 per placing share. the maximum gross proceeds of approximately hk$398 million will be used primarily to reduce debt.
mr. christoph michalski, ceo of vinda international said, “we are committed to making vinda a leading asian hygiene company. this share placement enables vinda to improve the trading liquidity of its shares, lower the gearing level and widen the shareholder base.”
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