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 of industries including manufacturing, services, property, telecommunications, technology and infrastructure It will issue 10 million new shares, or 16 67% of the enlarged share capital at HK$1 each The company expects to receive HK$6 8 million net...

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