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Megador Holdings Raises HK$101 Million via 3.2% Discount Placement

GateNews
Megador Holdings (01985) announced today a placement of up to 30 million shares at HK$3.35 per share, raising HK$101 million. The placement price represents a 3.2% discount to today's closing price of HK$3.46, and the shares represent approximately 9.09% of the enlarged issued capital. Net proceeds of HK$99.2 million will be allocated to expand core business operations, improve liquidity levels, and support general working capital needs.
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