CMGE Technology Group Limited (HK:0302) has released an update.
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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.