Kiu Hung International Holdings Limited (HK:0381) has released an update.
Kiu Hung International Holdings Limited has announced a placement of new shares, aiming to raise approximately HK$51.3 million in net proceeds after expenses, primarily to repay outstanding debts and for general working capital. The placing, executed by CNI Securities Group, will potentially increase the company’s issued share capital by 63.85% upon successful completion, subject to shareholder and regulatory approvals. Shareholders are advised to exercise caution when dealing in shares, as the placement is conditional and may not proceed.
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