Smart Fish Wealthlink Holdings Ltd. Completes Private Placement, Raising HK$229 Million for Debt Repayment and Securities Business Expansion
Smart Fish Wealthlink Holdings Ltd. has announced the completion of a placing in which 204,755,800 new shares were allotted and issued to not less than six placees. The company intends to use the net proceeds from the placing, totaling approximately HK$50 million, for settling group liabilities, supporting the general working capital of its securities dealing business, and further developing its operations. In addition, proceeds from both the placing and a disposal of shares in Shandong Hi-Speed Holdings Group Limited, amounting to approximately HK$229 million in total, will be allocated to repay bank overdrafts and borrowings, fund the money lending business, and strengthen the company's securities dealing activities, including margin financing and IPO financing.
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