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SEEC Media Group Limited ( (HK:0205) ) has shared an update.
SEEC Media Group Limited announced the successful completion of its Rights Issue and Placing, resulting in the issuance of 368,071,365 Rights Shares, representing 100% of the offered shares. The company raised approximately HK$39.5 million in net proceeds, which will be allocated towards repaying bond payables, corporate expenses, and general working capital. The Rights Issue and Placing did not result in any net gain for distribution to shareholders, and the shareholding structure saw an increase in shares held by independent placees.
More about SEEC Media Group Limited
SEEC Media Group Limited is a company incorporated in the Cayman Islands and continued in Bermuda with limited liability. The company is involved in media-related activities, focusing on providing media services and products.
Average Trading Volume: 484,324
Technical Sentiment Signal: Buy
Current Market Cap: HK$397.5M
For an in-depth examination of 0205 stock, go to TipRanks’ Overview page.