FEG Holdings Corporation Limited (Stock Code: 1413) has completed a placing of 240,000,000 new shares under its general mandate. According to the announcement, the placing price was HK$0.083 per share, generating net proceeds of approximately HK$19.0 million after deducting related expenses. The funds will be allocated toward the Group’s general working capital requirements, encompassing rental payments, staff costs, professional fees, and other operating expenses.

The 240,000,000 new shares represent around 14.63% of the company’s enlarged share capital, increasing the total issued shares from 1,400,000,000 to 1,640,000,000. None of the placees became substantial shareholders upon completion of the transaction.

A previous placing on 26 September 2025 raised net proceeds of approximately HK$12.1 million, with around HK$2.9 million already used for the Group’s general working capital.