Moody Technology Seeks Funding with New Share Placement

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

Moody Technology Holdings Limited has announced a new share placement deal after market hours on May 20, 2024, aiming to raise a maximum of HK$30 million by issuing 300 million shares at HK$0.10 each. This share issuance, representing about 8.33% of the current issued capital, is intended to bolster the company’s general working capital. However, the deal is subject to certain conditions, including approval by the board and the Stock Exchange, and there is no guarantee that the placement will proceed.

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