The latest update is out from Kantone Holdings ( (HK:1059) ).
Kantone Holdings Limited has successfully completed the placing of 62,505,000 new shares under a general mandate, raising approximately HK$10.5 million in net proceeds. These funds are intended primarily for general working capital and the acquisition of industrial premises in Hong Kong. The placing has resulted in a change in the company’s shareholding structure, with the new shares placed to independent parties, ensuring no placee becomes a substantial shareholder.
More about Kantone Holdings
Kantone Holdings Limited is a company incorporated in the Cayman Islands, with its primary business focus not specified in the announcement.
YTD Price Performance: 2.38%
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $9.19M
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