Property and investment company Triplenic Holdings said it could raise $180 million from shareholders when they exercised warrant rights expiring in October.
Triplenic issued 73.92 million warrants in October last year, raising $23.4 million. If all shareholders subscribe, $157 million could be booked.
Speaking after the company's annual general meeting, managing director So Kwok-hoo said the proceeds would be used for future property development in Hong Kong and investments on the mainland.
He said the company was reviewing a $100 million investment opportunity in the mainland cement industry.
'Cement production can generate steady recurring income, which will enhance our financial stability,' Mr So said.
'The yield will not be less than 30 per cent.' Mr So said the China venture company could eventually generate 40 per cent sales.
