On October 28, shareholders of China Upper City (02330) deposited shares into Vault Securities, with a deposit value of HKD 18.4912 million, representing 16.67% of the total.
According to Zhitong Finance, the latest data from the Hong Kong Stock Exchange shows that on October 28, a shareholder of China Upper City (02330) deposited shares into Yuanku Securities, with a deposit market value of HKD 18.4912 million, representing 16.67% of the total.
China Upper City announced that all conditions stipulated in the placement agreement have been fulfilled, and the placement was completed on October 28, 2025. A total of 75,474,300 placement shares were successfully placed by the placement agent under the terms and conditions of the placement agreement at a placement price of HKD 0.180 per share to three placees: Mr. Chen Hui, an investor; Ms. Liu Xiaoling, an investor; and Mr. Li Yanyong, an investor, representing approximately 16.67% of the company's issued share capital as enlarged immediately following the placement.
