Asia Television Holdings Limited (HK:0707) has released an update.
Asia Television Holdings Limited has announced the successful completion of its new shares placement, raising approximately HK$34.1 million for the company. The newly acquired funds are earmarked for debt repayment (around 58.7%) and bolstering general working capital (41.3%). The placement has also led to a shift in the company’s shareholding structure, with no single placee becoming a substantial shareholder.
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