Adtiger (HKG:1163) completed the placing of 149.4 million shares to at least six investors at HK$0.09 apiece, raising net proceeds of roughly HK$13.1 million, a Friday Hong Kong bourse filing said.
The shares represent around 16.7% of the media company's enlarged issued share capital.
The company will use proceeds from the issue to improve the services of the group's AdTensor platform, as well as for general working capital purposes.
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