Culturecom Holdings Limited ( (HK:0343) ) has provided an update.
Culturecom Holdings Limited has announced a proposed placing of non-listed warrants under a specific mandate. The company plans to issue up to 200,000,000 warrants, allowing for the subscription of an equivalent number of warrant shares at an initial exercise price of HK$0.3 per share. This initiative is expected to raise gross proceeds of approximately HK$6.2 million and net proceeds of about HK$5.45 million, which will be used for general working capital. The proceeds from the full exercise of the subscription rights could raise an additional HK$60 million, with the total aggregate net proceeds of HK$65.45 million aimed at revitalizing and promoting the company’s intellectual properties and covering general working expenses.
More about Culturecom Holdings Limited
YTD Price Performance: -19.00%
Average Trading Volume: 1,176,623
Technical Sentiment Signal: Buy
Current Market Cap: HK$272M
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