Kingbo Strike Ltd. (HK:1421) has released an update.
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Kingbo Strike Ltd. has successfully completed the placement of 16.68 million new shares, raising approximately HK$3.1 million in net proceeds. These shares, representing around 11.76% of the company’s enlarged share capital, were sold to no fewer than six investors at HK$0.2 per share. The capital raised will be used as general working capital for the group.
For further insights into HK:1421 stock, check out TipRanks’ Stock Analysis page.