China Glass Holdings completed a 20 million HKD share placement

China Glass Holdings Ltd announced on March 20 that the company conditionally arranged a placement of 46.33 million offerings at 0.53 HKD per share from the company’s executives. The 24 million HKD of net amount of the placement will be used for the general operation. The placing shares accounts for 10.02% of the expanded share capital.

The share placement for the executives is a prize for their contribution as well as an encouragement for better performance.