FAR International Holdings Group Co. Ltd. has announced the completion of a placing of 156,000,000 new shares under its general mandate. The shares were placed at HK$0.455 per share through DL Securities (HK) Limited to not fewer than six independent investors, representing approximately 16.67% of the company's enlarged issued share capital. The net proceeds from the placing, amounting to around HK$69.62 million, will be used primarily to strengthen the development of the company's existing logistics business, including warehouse expansion, with the remainder allocated for general working capital. None of the placees has become a substantial shareholder as a result of the transaction.
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