Seamless Green (HKG:8150) Brings In Capital To Boost Financial Position and New Business Development
Seamless Green China (Holdings) Limited ("Seamless Green" or "the Company") (HKG:8150), an enterprise actively developing eco-road lighting system in the PRC, has signed a warrant placing agreement with independent third parties involving 200 million three-year non-listed warrants of total worth of HK$10 million. If the warrants are fully exercised, the Company will receive additional net proceeds of approximately HK$190 million, which it intends to use as capital expenditure, general working capital and to fund development of its eco-road lighting system business in the future.