Heng Tai Consumables Group (HK:0197) has released an update.
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Heng Tai Consumables Group Limited has announced a conditional agreement with Yuet Sheung International Securities Limited to place up to 21 million new shares, aiming to raise about HK$4.9 million in gross proceeds for general working capital. This represents roughly 13.32% of the current share capital and 11.76% post-placement, with the placement being subject to certain conditions. Shareholders and investors are advised to exercise caution as the placement is not guaranteed to proceed.
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