Kantone Holdings (HK:1059) has released an update.
Kantone Holdings Limited has announced a new share placement agreement with Kingston Securities Limited, offering 52,086,000 shares at a discounted price of HK$0.2950 each, which is significantly lower than the recent closing prices. The proceeds from the share placement, which is subject to certain conditions and Stock Exchange approval, are intended for general working capital and potential investment opportunities. Investors are advised to be cautious when trading the company’s securities as the placement’s completion is not guaranteed.
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