Smart Digital Technology Group (HKG:1159) completed the placing of 19.7 million shares to at least six investors at HK$0.361 apiece to raise net proceeds of HK$6.9 million, a Monday Hong Kong bourse filing said.
The shares represent around 16.66% of the film and TV investor's enlarged issued share capital.
The firm will use proceeds from the issue to repay debt and replenish working capital.
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.