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CMGE Technology to Raise HK$30 Million via Share Subscriptions

-- CMGE Technology (HKG:0302) plans to raise about HK$30 million through subscriptions of new shares, according to a Tuesday Hong Kong bourse filing.

The company will issue 122.9 million shares at HK$0.244 each to three investors, including Tanwan (HKG:9890), representing about 4.1% of its existing share capital.

Net proceeds will be used to fund game publishing costs, the filing said.

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