Techtronic Industries courts new equity investors

The Hong Kong-listed power equipment manufacturer takes advantage of its soaring share price to raise HK$377 million ($48 million from a share placement.
April 28, 2002

With CLSA as lead manager a 60 million share placement was completed late on Thursday at HK$6.275 - a 4.9% discount to the stock's close earlier that lunchtime when it was suspended.

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