Shoucheng Holdings Ltd. has successfully completed the placing of 276,496,000 new shares at HK$2.17 each, raising approximately HK$597 million. The company plans to allocate 70% of the proceeds, amounting to HK$418 million, towards the development of technology experience stores and the expansion of new business lines in asset operation. The remaining 30%, approximately HK$179 million, will be used for general corporate working capital purposes, such as administrative expenses and business expansion expenditures. This strategic move aims to bolster Shoucheng Holdings' presence in the technology and asset operation sectors.
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