Jan. 5, 2007 (China Knowledge) - Asia Zirconium is seeking to raise HK$55.9 million in a top-up share placement, reported The Standard.

The manufacturer of zirconium compound products aims to sell 75.6 million shares that account for 14.9% of its outstanding shares. The shares will be sold at 74 HK cents per share, representing a discount of 11.9% to Thursday's closing price of 84 HK cents.

DBS is the arranger of the sale.