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China Investment Fund to raise up to HK$200M from share sale

Hong-Kong-listed China Investment Fund International Holdings Ltd. is seeking to raise about HK$200 million via a share sale.

The company said Sept. 7 that it would sell up to 19 million new shares to at least six investors at HK$10.525 apiece. The shares represent about 1.56% of the company's existing Hong Kong-listed shares and about 1.54% of its enlarged share capital after the issuance.

KGI Asia Ltd., the placing agent, will sell the shares on a best-effort basis. The share sale is expected to be completed Sept. 21.

The company said it would use proceeds from the sale to strengthen its capital base and for investment in listed and unlisted securities.