Email Alertswidening 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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