CMON Raises HK$9.4 Million Through Share Placing to Fund Game Development and Operations

An announcement from CMON Limited ( (HK:1792) ) is now available.

CMON Limited has completed a placing of 10.32 million new shares under its general mandate at HK$0.95 per share, expanding its issued share capital to 61.92 million shares. The new shares, representing about 16.67% of the enlarged share capital, were placed to at least six independent investors, none of whom became a substantial shareholder.

The placing raised approximately HK$9.8 million in gross proceeds and about HK$9.4 million in net proceeds, which the company plans to use for general working capital. Funds will be allocated to marketing and events, game development, and supporting normal operations of its board games, miniature war games and hobby products business, potentially strengthening CMON’s liquidity and capacity to invest in product and market growth.

More about CMON Limited

CMON Limited is a Hong Kong-listed company engaged in the development and sale of board games, miniature war games and other hobby products. The group focuses on game development, including prototype design, content and artwork creation, and supports its product portfolio through marketing, events and participation in trade fairs and promotional campaigns.

Average Trading Volume: 501,411

Technical Sentiment Signal: Buy

Current Market Cap: HK$77.92M

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