CROSSTEC Completes Share Placement, Raising HK$6 Million

CROSSTEC Group Holdings Ltd. ( (HK:3893) ) has shared an announcement.

CROSSTEC Group Holdings Limited announced the completion of placing 31,104,000 new shares under a general mandate, representing approximately 16.67% of the company’s enlarged share capital. The placing raised gross proceeds of approximately HK$6,220,800, with net proceeds of HK$6,010,000 intended for subcontracting charges and general working capital. The placing involved six placees, including individual and institutional investors, and did not result in any of them becoming substantial shareholders.

More about CROSSTEC Group Holdings Ltd.

CROSSTEC Group Holdings Limited is a company incorporated in the Cayman Islands, primarily involved in providing interior solutions. The company focuses on subcontracting charges for interior solutions projects and general working capital.

YTD Price Performance: -40.62%

Average Trading Volume: 290,337

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$44.32M

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