Kwong Luen Engineering Extends Share Placement

Kwong Luen Engineering Holdings Limited (HK:1413) has released an update.

Kwong Luen Engineering Holdings Limited has announced an extension of the deadline for its new share placement at a premium price, aiming to raise approximately HK$35.6 million in net proceeds for general working capital. The placement price is set at a premium of over 20% compared to the recent average closing stock price, with the company and its directors considering the terms fair and in the best interest of shareholders.

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