Tian Cheng Holdings Completes Share Placement

Yue Kan Holdings Limited (HK:2110) has released an update.

Tian Cheng Holdings Limited has successfully completed the placement of 33,120,000 new shares, raising net proceeds of approximately HK$3.1 million for general working capital. This move has resulted in a slight shift in the company’s shareholding structure, with the new placees collectively owning 11.04% of the enlarged share capital. The shares were placed at a price of HK$0.1 each to a group of at least six investors who are not connected to the company.

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