HKE Holdings Concludes New Share Placement

HKE Holdings Limited (HK:1726) has released an update.

HKE Holdings Limited successfully completed the placement of 25,550,000 new shares, raising approximately HK$51.10 million in gross proceeds, with net proceeds of about HK$50.59 million after expenses. The company plans to allocate 90% of these funds to its Fintech Platform Business and the remaining 10% for general working capital. This move slightly alters the company’s shareholding structure, notably increasing the percentage of shares held by independent Placees.

For further insights into HK:1726 stock, check out TipRanks’ Stock Analysis page.