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...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222