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MOG Holdings Limited ( (HK:1942) ) just unveiled an update.
MOG Digitech Holdings Limited has announced a placing agreement to issue up to 228,710,000 new shares at HK$0.5285 per share, potentially raising approximately HK$120.87 million in gross proceeds. This move represents a significant expansion of the company’s share capital by 20% and involves a connected transaction with Waton Securities International Limited, a substantial shareholder of a subsidiary, which is exempt from independent shareholder approval under the Listing Rules.
More about MOG Holdings Limited
MOG Digitech Holdings Limited is a company incorporated in the Cayman Islands, operating within the technology sector. The company is involved in digital technology services and is publicly listed with a focus on expanding its market presence through strategic financial maneuvers.
Average Trading Volume: 11,393,116
Technical Sentiment Signal: Sell
Current Market Cap: HK$754.7M
Find detailed analytics on 1942 stock on TipRanks’ Stock Analysis page.