Super Hi International Holding Ltd. (HK:9658) has released an update.
Super Hi International Holding Ltd. has successfully closed its offering of American Depositary Shares (ADSs), with the placement of 2,692,700 ADSs, raising gross proceeds of approximately $52.67 million. The net proceeds, around $44.31 million after fees and expenses, will be allocated primarily to global brand strengthening and restaurant network expansion, with investments in supply chain capabilities, technology enhancements, and general corporate purposes. The company also disclosed a post-offering shareholding structure and has granted an over-allotment option to underwriters.
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