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Starlight Culture Entertainment Group Limited ( (HK:1159) ) just unveiled an announcement.
Starlight Culture Entertainment Group Limited has announced a placement of new shares under a general mandate. The company plans to issue a maximum of 19,700,000 shares at a price of HK$0.355 each, which represents a significant discount to recent trading prices. This move is expected to raise approximately HK$6.8 million in net proceeds, which will be used to repay debts and enhance the company’s working capital. The placement does not require shareholder approval and is subject to certain conditions. The successful completion of this placement could impact the company’s financial stability and market positioning.
More about Starlight Culture Entertainment Group Limited
Average Trading Volume: 66,270
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$42.87M
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