Sino Construction raises $6.5m with new share subscription arrangement

It issued 262m new shares to four individuals.

Sino Construction has raised $6.5m with the issuance of 262m new shares to four individuals.

The shares were priced at $0.0248 per share, representing discount of approximately 9.8% to the weighted average price of $0.0275 for Sino Construction’s ordinary shares for the full market day on 26 March 2015.

The new shares represent approximately 6.4% of the existing issued share capital of the company.

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