Primega Group Holdings Ltd., a company based in the Cayman Islands, has entered into securities purchase agreements with ten individuals for a private placement of shares. The company plans to issue a total of 25,333,000 ordinary shares at a price of $0.45 per share, raising approximately $11.40 million. The agreements have received board approval, and the company expects to receive the gross proceeds upon closing the transactions, which will occur on a mutually agreed date with the purchasers.
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