Guan Chao Holdings Ltd. has completed a significant placement of new shares under a general mandate. The company successfully placed 90,195,000 shares at a price of HK$4.30 each through Fortune (HK) Securities Limited, raising net proceeds of approximately HK$383.96 million. The funds will be allocated to enhancing the company's business operations, expanding marketing initiatives, and bolstering working capital. The shareholding structure post-placement shows that Gatehouse Ventures Limited holds 15.06%, the new placees hold 13.84%, and other public shareholders hold 71.10%. Importantly, none of the placees will become substantial shareholders in the company.