FEG Holdings Corporation Limited has announced the successful completion of a placing of 200 million new shares under its general mandate. The new shares were issued at HK$0.063 per share to at least six independent investors, raising net proceeds of approximately HK$12.1 million after expenses. The funds will be used for general working capital of the group. Following the placement, the new shares represent about 14.29% of the company's enlarged issued share capital. None of the placees has become a substantial shareholder as a result of this transaction.
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