Cocoon Holdings Completes Multi-Million Share Placement

Cocoon Holdings Limited (HK:0428) has released an update.

Cocoon Holdings Limited has announced the successful completion of its new share placement on September 11, 2024, with over 14 million shares issued at HK$0.300 each to at least six independent placees, raising net proceeds of approximately HK$4.2 million. The funds are earmarked for purposes outlined in a prior announcement, and the placement has modified the company’s shareholding structure, with public shareholders now holding 92.04% of the shares.

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