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Tian Cheng Holdings Launches Share Placement

Tian Cheng Holdings Launches Share Placement

Yue Kan Holdings Limited (HK:2110) has released an update.

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Tian Cheng Holdings Limited has announced a new share placement agreement, aiming to raise approximately HK$3.1 million in net proceeds for the company’s general working capital. The placement will issue up to 33,120,000 new shares at a discounted price of HK$0.1 each, representing an 11.04% increase in the issued share capital post-placement. Investors are advised to be cautious as the placement’s completion is contingent on certain conditions.

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