FEG Holdings (01413) Plans Share Placement at 10% Discount, Expected to Raise Net Proceeds of Up to HK$12.1 Million
Stock News
Aug 27
FEG Holdings (01413) announced that on August 27, 2025, the company intends to place up to 200 million new shares to independent placees, representing approximately 14.29% of the company's enlarged total issued share capital following the placement.
The placement price is set at HK$0.063 per placement share, representing a discount of approximately 10% compared to the closing price of HK$0.07 per share on August 27. The net proceeds from the placement, approximately HK$12.1 million (assuming full placement of the shares and after deducting all related expenses), will be used for the group's general working capital.
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