Hang Yick Holdings Completes New Share Placement

Hang Yick Holdings Company Limited (HK:1894) has released an update.

Hang Yick Holdings Company Limited has successfully completed the placement of 153,520,000 new shares under its general mandate, raising approximately HK$7.8 million in net proceeds intended for purposes detailed in a prior supplemental announcement. The shares were placed at a price of HK$0.054 each, representing about 16.67% of the post-placement issued share capital, with all placees being independent third parties. This strategic move has altered the company’s shareholding structure, with the placees collectively holding a significant 16.7% stake in the company.

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