Asia Television Holdings Limited (HK:0707) has released an update.
Asia Television Holdings Limited has announced a new share placement under its general mandate, with Kingston Securities Limited acting as the placing agent. The placement, which is set to occur on 7 June 2024, involves issuing approximately 20% of its existing shares at a discounted price, aiming to raise about HK$35 million in gross proceeds for debt repayment and working capital. Shareholders are advised to exercise caution as the placement is conditional and not guaranteed.
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