Milan Station Holdings Limited (HK:1150) has released an update.
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Milan Station Holdings Limited has successfully completed the placement of 176,150,000 new shares on July 16, 2024, raising net proceeds of approximately HK$13.7 million for the company’s general working capital. The placement was conducted at HK$0.08 per share, with the shares distributed to a minimum of six independent placees, ensuring that no single placee becomes a substantial shareholder. Post-placement, the shareholding structure of the company now includes these placees holding a combined 16.67% stake in the company.
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