Kwong Luen Engineering Holdings Limited (HK:1413) has released an update.
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Kwong Luen Engineering Holdings Limited has announced the successful completion of its new share placement, resulting in the issue of 200 million shares and raising approximately HK$35.6 million for general working capital. The placement, which represents about 16.67% of the company’s enlarged share capital, was conducted at HK$0.185 per share to at least six independent third-party placees. This strategic move is expected to impact the company’s shareholding structure, as detailed in their recent announcement.
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