Kantone Holdings (HK:1059) has released an update.
Kantone Holdings Limited has successfully issued 52,086,000 new shares, raising approximately HK$14.8 million net proceeds for general working capital and potential sector investments. The placing shares were acquired by at least six independent placees, resulting in a shift in the company’s shareholding structure, with Innovative City Investments Limited’s stake decreasing to 43.72%. This strategic move aims to bolster the company’s financial position and explore new growth opportunities.
For further insights into HK:1059 stock, check out TipRanks’ Stock Analysis page.