Litian Pictures Raises HK$10.3 Million Through Share Placing for Working Capital

Litian Pictures Holdings Limited ( (HK:9958) ) has provided an announcement.

Litian Pictures Holdings Limited has completed a placing of 68 million new shares under its general mandate at HK$0.156 per share, increasing its issued share capital to 500 million shares. The placing shares, representing about 13.6% of the enlarged share capital, were allocated to at least six independent investors, none of whom became a substantial shareholder.

The transaction raised gross proceeds of approximately HK$10.61 million, with net proceeds of about HK$10.33 million after expenses earmarked for the group’s general working capital and to support its existing business through the end of 2026. Following the deal, controlling shareholder Marshal Investment Co. Ltd.’s stake was diluted from 14.9% to 12.87%, while public shareholders now hold roughly 73.53% of the company.

More about Litian Pictures Holdings Limited

Litian Pictures Holdings Limited is a Hong Kong-listed company in the media and entertainment sector, focusing on film and related content production and distribution. The group targets the Chinese-speaking market, leveraging capital markets funding to support its existing business operations and general working capital needs.

Average Trading Volume: 14,690,023

Technical Sentiment Signal: Sell

Current Market Cap: HK$73.87M

See more data about 9958 stock on TipRanks’ Stock Analysis page.