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KNT Holdings Seeks HK$7.3 Million in Private Placement

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KNT Holdings (HKG:1025) is targeting to raise HK$7.3 million in net proceeds through the sale of placing shares for working capital, according to a Tuesday bourse filing.

The garment maker is selling a maximum of 37,873,488 new shares at HK$0.20 apiece.

Proceeds will be used for working capital purposes, including settlement of operational costs, staff costs, rental expenses, professional fees and other general overheads.

Grand China Securities is acting as the placing agent for the transaction.

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