SY Holdings Group Ltd., a company incorporated in the Cayman Islands, has announced the placement of new shares under a general mandate. The company, which is listed on the Hong Kong Stock Exchange under stock code 6069, has engaged a placing agent to facilitate this process. The move is part of the company's strategy to raise capital, with the completion date set for the first business day after all conditions have been satisfied or waived. The Board of Directors includes Chairman Tung Chi Fung and several other executive and non-executive directors.
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