Kantone Raises Nearly HK$11 Million via Share Placement

MT Newswires Live

02/13

Kantone (HKG:1059) raised HK$10.5 million in net proceeds by placing 62,505,000 shares to at least six places at HK$0.172 apiece, a Thursday bourse filing said.

The placed shares represent 16.67% of the enlarged shares of the company.

The system software company intends to use the proceeds mainly for its general working capital and to acquire certain industrial premises in Hong Kong.

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