Asia
REF Completes HK$23 Million Share Placement; Shares Gain 3%
REF (HKG:1631) completed the placement of 51.2 million new shares at HK$0.457 apiece, raising net proceeds of about HK$22.7 million, according to a Wednesday Hong Kong bourse filing.Shares of the financial printing services business were up over 3% in Thursday's late morning trade.The company said the shares were placed with at least six independent investors.REF plans to use the proceeds for leasing and renovating a new office in Central, additional staff costs for expanded operations, software and IT-related expenses, and other operating expenses by December 2027.
HKG:1631
