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Virtual Mind’s Share Subscription Boosts King Castle’s Stake
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Virtual Mind’s Share Subscription Boosts King Castle’s Stake

Virtual Mind Holding Company Limited (HK:1520) has released an update.

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Virtual Mind Holding Company Limited has successfully completed a subscription agreement with King Castle, issuing 25 million new shares at HK$0.40 each, raising approximately HK$9.85 million after expenses. This issuance has slightly altered the company’s shareholding structure, with King Castle increasing its stake to 18.83%. The funds raised will be used as outlined in the company’s specified use of proceeds.

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