Futian Holdings Ltd. has announced the completion of a placing of new shares under its general mandate. The company issued a total of 7,470,000 new shares to placees, raising approximately HK$4.29 million in net proceeds after deducting relevant expenses. The funds raised are intended for general working capital and business development purposes. Following the completion of the placing, no placee has become a substantial shareholder of the company. The shareholding structure of Futian Holdings has been adjusted accordingly, with the total number of issued shares increasing from 45,524,880 to 52,994,880.
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