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Starlight Culture Entertainment Group Limited ( (HK:1159) ) has issued an update.
Starlight Culture Entertainment Group Limited has successfully completed the placing of 23,600,000 new shares under a general mandate. This placement, which represents about 16.64% of the company’s enlarged share capital, raised approximately HK$38.7 million in net proceeds. The funds will be used for debt repayment, development of new business opportunities, and replenishment of working capital. The placing did not result in any new substantial shareholders, as all placees are independent third parties.
More about Starlight Culture Entertainment Group Limited
Average Trading Volume: 1,435,089
Technical Sentiment Signal: Hold
Current Market Cap: HK$449.4M
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