51 Credit Card Inc. (HK:2051) has released an update.
51 Credit Card Inc. has announced a plan to place up to 271.7 million new shares, representing about 20% of its existing share capital, at a minimum price of HK$0.146 per share. This move aims to raise approximately HK$39.7 million in gross proceeds, which will be used to bolster its credit facilitation, SaaS, and vehicle businesses while also replenishing general working capital. The placement is offered at a discount to recent market prices and is not subject to shareholder approval.
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