King of Catering (Global) Holdings Ltd., incorporated in the Cayman Islands, has completed the placing of new shares under a general mandate. Ruisen Port Securities Limited acted as the placing agent for the transaction. A total of 63,450,000 shares were successfully placed at a price of HK$0.039 per share, which represents approximately 4.59% of the existing total number of issued shares prior to the completion. The placing was conducted according to the terms and conditions set out in the Placing Agreement. The board of directors confirmed that none of the placees will become a substantial shareholder immediately after the completion of the placing.
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