Tesson Holdings Ltd. (HK:1201) has released an update.
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Tesson Holdings Ltd. is set to expand its share capital by issuing 120 million new shares, representing approximately 5.46% of the enlarged share capital, at a discounted price of HK$0.10 each. The proceeds from this subscription, totaling an estimated net amount of HK$11.6 million after expenses, will be allocated towards the company’s general working capital. Shareholders and potential investors are cautioned that the completion of the subscription is contingent upon certain conditions being met.
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