Asia
KNT Holdings to Raise HK$15 Million via Share Placement
KNT Holdings (HKG:1025) plans to raise about HK$15.3 million in net proceeds through a placing of new shares, according to a Monday Hong Kong bourse filing.The garment manufacturer agreed to place up to 80.9 million new shares at HK$0.20 each to no fewer than six independent investors on a best-efforts basis.The placing shares represent 20% of the company's existing issued share capital, while the placing price represents a 4.3% discount to the stock's last closing price.Net proceeds will be used for general working capital, including operating costs, staff expenses, rental payments, and other overheads.
HKG:1025
