CMGE Technology Group Limited (HK:0302) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
CMGE Technology Group Limited has successfully completed the issuance of 100 million new shares, raising approximately HK$167 million to bolster its game development and publishing business. The newly issued shares represent about 3.51% of the expanded share capital. The proceeds are earmarked for strategic acquisitions and investments in high-potential game developers and intellectual property rights across Greater China, although no specific targets have been identified yet.
For further insights into HK:0302 stock, check out TipRanks’ Stock Analysis page.