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CMON Limited ( (HK:1792) ) just unveiled an update.
CMON Limited has entered into a second supplemental agreement with its placing agent to revise the placing price for new shares under its general mandate to not less than HK$0.95 per share, representing discounts of about 15.93% to the latest closing price and 13.00% to the recent five-day average. The revised terms are expected to generate gross proceeds of approximately HK$9.804 million and net proceeds of about HK$9.4 million, which will be fully deployed for general working capital, including marketing and events (around HK$2.35 million), game development (around HK$5.875 million) and the normal operation of its board game and hobby products business (around HK$1.175 million), with the board stating that the pricing and terms are fair, reasonable and in the interests of shareholders.
More about CMON Limited
CMON Limited is a Hong Kong-listed company engaged in the sales of board games, miniature war games and other hobby products. The group focuses on developing and marketing gaming titles and associated products, with resources allocated to game development, marketing campaigns, trade fairs and ongoing operational support within the hobby gaming sector.
Average Trading Volume: 176,944
Technical Sentiment Signal: Hold
Current Market Cap: HK$55.73M
Find detailed analytics on 1792 stock on TipRanks’ Stock Analysis page.