HK-listed Artgo at all-time high, co plans to issue 100 mln new shares

Artgo Holdings

12/11/2019 03:11

** Shares of marble stones processor and distributor Artgo
Holdings Ltd  3313.HK  rise as much as 19.7% to an all-time high
of HK$11.78
    ** Stock ranks the third-biggest percentage gainer in early
trade, on track for an eigth straight session of gain
    ** The Shanghai-based firm plans to issue up to 100 mln new
shares to Sinotech Minerals Exploration Co at HK$9.34 apiece,
representing a 5.1% discount to Monday's close  urn:newsml:reuters.com:*:nFWN27R0IL
    ** Sinotech Minerals is a unit of China's state-owned
Beijing Institute of Geology for Mineral Resources  
    ** The Hong Kong-listed co says capital raised will be used
to fund its business operation, investment and acquisitions
    ** The Hang Seng China enterprises index  .HSCE  edges down
0.1%, and the benchmark index  .HSI  eases 0.3%

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)