Moody Technology Completes New Share Placement

Moody Technology Holdings Limited (HK:1400) has released an update.

Moody Technology Holdings Limited has successfully completed the placement of 200 million new shares under the general mandate, with the transaction finalized on June 5, 2024. This strategic move, aimed at restructuring purposes, has generated approximately HK $19.5 million in net proceeds for the group’s general working capital. The placement has introduced six independent placees to the company’s shareholding structure, who have not become substantial shareholders post-completion.

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