Investors of this placement are Lion Global Investors, Ginko-AGT Global Growth Fund, Amova Asset Management Asia, Asdew Acquisitions, Avanda Investment Management, and ICH Synergrowth Fund.
Civil engineering firm Huationg Global has raised $7.08 million by placing out 11.8 million new shares at 60 cents each.
The new shares are priced at a discount of around 8.73% to the volume weighted average price of 65.74 cents on Jan 23, just before the placement was announced.
