MOG Digitech Announces Major Share Placement

MOG Holdings Limited (HK:1942) has released an update.

MOG Digitech Holdings Limited has entered into an agreement to place up to 155,230,000 new shares at a price of HK$0.53 per share, which will constitute about 20% of their current issued share capital. The gross proceeds are expected to be approximately HK$82.27 million, with net proceeds estimated at HK$81.33 million after expenses. The placement is managed by Emperor Securities Limited and is subject to certain conditions that must be met before completion.

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