Kwong Luen Engineering Holdings Limited (HK:1413) has released an update.
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Kwong Luen Engineering Holdings Limited has extended the deadline for their new share placement to July 12, 2024, with the placement price set at a discount, aiming to raise up to approximately HK$37.0 million in gross proceeds. The company plans to use the net proceeds, estimated at HK$35.6 million, for general working capital. This announcement comes in conjunction with previous announcements regarding the share placement under the company’s General Mandate.
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