Latest data from the Hong Kong Stock Exchange reveals that on December 10, a shareholder of EMINENCE ENT (00616) deposited shares with Kingston Securities, with a holding value of HK$37.69 million, representing 6.76% of the company's shares.

On December 9, EMINENCE ENT announced plans to place up to 20 million new shares, equivalent to approximately 1.19% of the company's enlarged issued share capital post-placement. The placement price was set at HK$0.30 per share, representing a discount of about 10.45% to the closing price of HK$0.335 on December 9. The net proceeds per share are expected to be approximately HK$0.297. The net proceeds from the placement will be used for the group's general working capital purposes.