FEG Holdings Corporation Ltd. has completed a placing of 240 million new shares under a general mandate, raising approximately HK$12.1 million. The shares were allotted to at least six independent investors at a price of HK$0.083 per share, representing about 14.63% of the enlarged share capital. The net proceeds are intended for general working capital, with HK$2.9 million already applied to expenses such as rent, salaries, and benefits. None of the placees became a substantial shareholder as a result of the transaction.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Feg Holdings Corporation Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251201-11937611), on December 01, 2025, and is solely responsible for the information contained therein.