FEG Holdings Corporation Ltd. Announces Private Placement of 200 Million New Shares to Raise HK$12.1 Million for General Working Capital

Reuters
Aug 27
FEG Holdings Corporation Ltd. Announces Private Placement of 200 Million New Shares to Raise HK$12.1 Million for General Working Capital

FEG Holdings Corporation Limited has announced the placement of up to 200,000,000 new shares under a general mandate. Priced at HK$0.063 per share, the placement is aimed at strengthening the company's capital base and supporting future business developments. Cheong Lee Securities Limited has been appointed as the Placing Agent for this transaction. The company expects to raise net proceeds of approximately HK$12.1 million, which will be allocated towards general working capital. This follows a previous equity fund-raising activity completed on 29 August 2025, which raised approximately HK$35.6 million for similar purposes.

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