Li Bao Ge Group Ltd. (HK:1869) has released an update.
Kafelaku Coffee Holding Limited has successfully completed the placement of new shares under its general mandate, raising gross proceeds of approximately HK$28.03 million and net proceeds of around HK$27.10 million. The newly placed shares, amounting to about 17.61% of the pre-completion issued share capital, will fund the expansion of the company’s civet coffee business and cover operational costs. The placement has also slightly altered the company’s shareholding structure, with the participating Placees now owning approximately 14.98% of the expanded share capital.
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