Enterprise Development Holdings Limited (HK:1808) has released an update.
Enterprise Development Holdings Limited has announced an extension of its new shares placement closing and completion dates, alongside an increase in the placing price to HK$2.09 per share. This adjusted price is deemed fair by the Directors and is expected to yield gross proceeds of approximately HK$85.293 million, with net proceeds aimed towards investments in new business opportunities and general working capital. However, the completion of the placement is conditional and shareholders are advised to exercise caution when trading.
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