CULTURECOM HOLD (00343) Completes Placement of 200 Million Warrants
Stock News
Sep 02, 2025
CULTURECOM HOLD (00343) announced that all preconditions for the warrant placement have been fulfilled, and the warrant placement was completed on September 2, 2025, in accordance with the terms and conditions of the warrant placement agreement. Under the warrant placement agreement, the placing agent has successfully placed a total of 200 million warrants at a placement price of HK$0.031 per warrant to no fewer than 6 placees. The net proceeds from the warrant issuance amount to approximately HK$5.45 million, which will be used for the group's general working capital, including payment of salaries, rental expenses, information technology services, and other office expenses of the group.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.