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Okura Holdings Limited ( (HK:1655) ) has issued an update.
Okura Holdings Limited has announced a placement of 120,000,000 new shares under a general mandate, representing 20% of its existing issued share capital. The shares are priced at HK$0.18 each, a premium over recent trading prices, and are expected to raise approximately HK$19.0 million in net proceeds. The funds will be used for purchasing new pachinko and pachislot machines, renovating existing pachinko halls, and for general working capital. This move is aimed at enhancing the company’s operations and market positioning in the entertainment sector.
More about Okura Holdings Limited
Okura Holdings Limited is a company incorporated in Hong Kong, primarily involved in the entertainment industry with a focus on pachinko and pachislot machines and halls.
Average Trading Volume: 446,428
Technical Sentiment Signal: Sell
Current Market Cap: HK$90M
See more data about 1655 stock on TipRanks’ Stock Analysis page.