Asia Television (HKG:0707) completed the placement of 262,208,000 shares to at least six investors at HK$0.080 apiece to raise net proceeds of around HK$20.6 million, a Thursday Hong Kong bourse filing said.
The shares represent roughly 11.76% of the broadcasting company's enlarged issued share capital.
The firm will use proceeds from the placement to pay certain fees and fulfill expenses.
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.