Milan Station Holdings Limited (HK:1150) has released an update.
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Milan Station Holdings Limited has announced a new share placement agreement dated 25 June 2024, aiming to raise approximately HK$13.7 million by offering up to 176,150,000 new shares at HK$0.08 each, which represents about 20% of the company’s enlarged share capital. Investors are cautioned that the placement is subject to approval by the Listing Committee and other conditions, and hence may or may not be completed. The funds raised are intended for the general working capital of the company.
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