SY Holdings Group Ltd. has successfully completed the placing of 17,480,000 new shares under a general mandate. The shares represent approximately 1.74% of the company's enlarged issued share capital and were placed to not less than six placees at a price of HK$11.99 per share. The net proceeds from this placing are intended to accelerate the expansion of platform-based technology services, enhance research and development, particularly in AI applications, and support other general working capital purposes. The allocation of funds is expected to focus primarily on innovation-driven sectors and the development of the "SY Cloud Platform."
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