Kantone Holdings ( (HK:1059) ) has provided an update.
Kantone Holdings Limited has announced the placement of 62,505,000 new shares under a general mandate. This placement, coordinated with Quam Securities Limited as the Placing Agent, will be executed at HK$0.172 per share, representing a significant discount from recent trading prices. The expected net proceeds of approximately HK$10.5 million will be directed towards general working capital and property acquisitions in Hong Kong. The placement is contingent upon approval from the Stock Exchange for listing and dealing in these shares.
More about Kantone Holdings
YTD Price Performance: -30.95%
Average Trading Volume: 1,300
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $7.67M
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