Kwong Luen Engineering Completes Share Placement

Kwong Luen Engineering Holdings Limited (HK:1413) has released an update.

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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