Kingbo Strike Ltd. (HK:1421) has released an update.
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Kingbo Strike Ltd. has announced a share placement plan, aiming to issue up to 16.68 million new shares at HK$0.2 each, representing a discount from the recent trading price. The expected gross proceeds of HK$3.34 million are intended for general working capital. The placement is set to proceed under a general mandate without requiring further shareholder approval.
For further insights into HK:1421 stock, check out TipRanks’ Stock Analysis page.