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Yue Kan Holdings Limited ( (HK:2110) ) has provided an announcement.
Tian Cheng Holdings Limited has completed a placing of 72 million new shares under its general mandate, representing about 16.67% of its enlarged share capital. The shares were placed to at least six independent investors at a net issue price of approximately HK$0.096 per share, raising around HK$6.9 million in net proceeds for general working capital.
Following the completion of the placing, the company’s total issued shares increased from 360 million to 432 million, diluting existing holdings but keeping all placees below the substantial shareholder threshold. The transaction broadens Tian Cheng’s shareholder base and provides additional liquidity and funding flexibility without changing control, which may support its ongoing operational needs and financial positioning.
More about Yue Kan Holdings Limited
Tian Cheng Holdings Limited is a Cayman Islands–incorporated company listed on the Hong Kong Stock Exchange. The company has a diversified shareholder base, with public investors holding the majority of its issued share capital and no single shareholder maintaining a controlling stake following the latest placing of new shares.
Average Trading Volume: 3,414,294
Technical Sentiment Signal: Sell
Current Market Cap: HK$40.68M
Learn more about 2110 stock on TipRanks’ Stock Analysis page.