Cat Coffee Holdings Raises Placement Price 5.1% To 4.1 Cents

Cat Coffee Holdings (01869) said the placement price for its share sale under general mandate has been revised from 3.9 cents to 4.1 cents per share, an increase of about 5.1%, according to ETNet. The revised price represents a discount of about 18% to Tuesday's close of 5 cents per share. The long-stop date for the placement has been extended to September 23, and the gross proceeds are expected to rise from about HK$11 million to about HK$11.6 million. The company said the revised price was set on normal commercial terms and is fair and reasonable under current market conditions.