K.H. Group Holdings Ltd. (HK:1557) has released an update.
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K.H. Group Holdings Ltd. has entered into a placement agreement with Alpha Financial Group to issue 80 million new shares, raising approximately HK$29.6 million to enhance its financial stability and explore business growth opportunities. The funds were initially allocated for business development and working capital, but the company has now redirected some proceeds to repay bank borrowings. This strategic move aims to strengthen the company’s financial footing and support its expansion plans.
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