By Sheri Kasprzak
New York, May 26 - enterpriseAsia plc is closing a £1 million private placement.
The company secured agreements from two existing investors, including Try On Ltd., for 5,263,157 shares at 19p each.
The proceeds will be used for the expansion of the company's investment portfolio into China's energy and environmental sectors.
Based in Bradford, England, enterpriseAsia invests in Chinese start-up companies.
| Issuer: | enterpriseAsia plc
|
| Issue: | Stock
|
| Amount: | £1 million
|
| Shares: | 5,263,157
|
| Price: | 19p
|
| Warrants: | No
|
| Investors: | Try On Ltd. (one of two)
|
| Announcement date: | May 26
|
| Stock symbol: | London: EPA
|
| Stock price: | 17.25p at close May 25
|
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