Adtiger Seeks to Raise Over HK$13 Million via Share Placement; Shares Up 3%

MT Newswires Live

2025/01/13

Adtiger (HKG:1163) agreed to place up to 149.4 million shares to at least six independent third parties at HK$0.09 apiece on Friday for a maximum gross proceeds of HK$13.4 million, a same-day Hong Kong bourse filing said.

The shares to be placed represent 16.7% of the enlarged issued share capital of the company.

The media company plans to use the net proceeds of HK$13.1 million to improve the group's AdTensor platform services and for the general working capital.

Adtiger shares were up nearly 3% in recent trade.

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