Lai Group Holding Co. Ltd. has announced the completion of a private placement of 160,000,000 new shares under a general mandate. These shares, representing approximately 16.67% of the company's issued share capital, were successfully placed to no fewer than six independent third-party placees at a price of HK$0.045 per share. The company confirms that none of the placees will become substantial shareholders following this transaction. The net proceeds from this placement, after deducting all relevant expenses, will provide additional capital to the company.
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