Heng Tai Consumables Group (HK:0197) has released an update.
Heng Tai Consumables Group Limited has successfully completed the placement of 21 million new shares, raising approximately HK$4.9 million in gross proceeds. The placement was conducted by Yuet Sheung International Securities Limited, with the net proceeds destined for the company’s general working capital. The share placement did not result in any single placee becoming a controlling or substantial shareholder, maintaining the independence of the company’s shareholding structure.
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