Synertone’s Strategic Allocation of HK$23.8 Million Placement

Synertone Communication Corporation (HK:1613) has released an update.

Synertone Communication Corporation has announced the completion of a HK$23.8 million share placement, with plans to allocate the funds towards staff costs, rental expenses, legal fees, audit fees, and future investment opportunities. As of March 2024, none of the proceeds have been utilized, but the company aims to fully deploy them by the end of October 2024. Investors are advised to exercise caution when dealing in the company’s shares.

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