Sheng Tang Holdings Ltd. has successfully completed the placement of new shares under a general mandate. The company issued 252,000,000 new shares through the Placing Agent, representing approximately 16.67% of the enlarged share capital. The shares were placed at a price of HK$0.2 each to more than six independent placees. The gross proceeds from the placement amounted to HK$50,400,000, with net proceeds of approximately HK$48,700,000 after deducting related expenses. These funds are intended for strategic purposes as previously disclosed.
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