Television Broadcasts Limited (HK:0511) has released an update.
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Television Broadcasts Limited has successfully completed the allotment of 8,743,836 new shares to GF Global under a general mandate, with the net proceeds of approximately HK$28.50 million intended for corporate purposes and co-production drama projects. The completion of this subscription is expected to be fully utilized by the end of 2024, with an immediate effect on the company’s shareholding structure, slightly diluting the percentages held by existing major shareholders while introducing GF Global as a new shareholder with 1.96% ownership.
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