Capital Asia in issue

Capital Asia Limited says it has entered into five conditional agreements to raise HK$123.5 million by placing a total of 95.51 million new shares at HK$1.30 a share to five independent third parties, Hua Hai Property, Casil, Top Glory Finance, CPI Investment, and Welkinford.

The price represents a discount of 24.4 per cent to its closing share price on Tuesday.