Earnest Investments aims to raise HK$10 million

Earnest Investment Holdings plans to raise HK$10 million by listing 10 million new shares on Hong Kong''s Stock Exchange.

Earnest Investment Holdings, an investment company with no track record and HK$50 million $6.4 million in cash on its balance sheet, plans to raise HK$10 million in an initial share offering on the Hong Kong Stock Exchange.

The company, incorporated in Feburary in the Cayman Inslands, plans to invest in listed and unlisted companies in Hong Kong and mainland China. Its investments will normally be made in equity-related securities and debt instruments in companies across a range...

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