JNBY Design Completes HK$270 Million Share Offering

MT Newswires Live

01/30

JNBY Design (HKG:3306) said it completed an offering of 14.5 million new shares at HK$18.78 each to raise about HK$270 million in net proceeds, according to a Friday Hong Kong bourse filing.

The new shares represent about 2.7% of JNBY's enlarged share capital following completion of the placing.

JNBY previously said the net proceeds will be used to strengthen brand development, increase investment in research and development, enhance overall market competitiveness, and for general corporate purposes.

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