China Tiangong raises $612K in share placing to fund securities bets
What's the deal? China Tiangong HoldingsDealroom has a profile for this one. Try Dealroom → (stock code: 428) will raise about US$580.2K (roughly $612,000) by placing 30,851,647 new shares under a general mandate. The post-IPO equity deal was announced on October 12, 2026, with SFGHK Limited acting as placing agent.
The terms: Shares are priced at US$0.02 each — a 19.3% discount to the previous close of US$0.02, and a 19.9% discount to the five-day average of US$0.02. Net proceeds after expenses come to about US$568.1K.
Where the money goes: China Tiangong is an investment holding company focused on listed and unlisted securities. Of the proceeds, about US$447.3K will fund securities investments, with the remaining US$120.9K for general corporate use.
The dilution: The placing shares equal about 20% of existing issued capital and 16.7% of the enlarged share base. Completion is expected on the third business day after conditions are met, or a later agreed date.
The signal: A sub-$1 million placing at a near-20% discount points to a small-cap tapping equity markets on modest terms to top up its investment war chest. For an outfit whose business is buying securities, raising cheap capital to buy more is the entire play.
Read more: sohu.com
Image credit: Generated with Gemini
