Kiu Hung Completes Major Share Placement

Kiu Hung International Holdings Limited (HK:0381) has released an update.

Kiu Hung International Holdings Limited has successfully completed the placement of 470 million new shares, raising approximately HK$51.3 million, primarily to repay outstanding debts and for general corporate purposes. This strategic move has notably altered the company’s shareholding structure, with the new placees now holding around 63.85% of the enlarged issued share capital.

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