Teamway International Group Holdings Ltd. has completed a private placement of 39,456,175 new shares under its general mandate. The shares were allotted and issued to a subscriber at a price of HK$0.341 per share, raising net proceeds of approximately HK$13.4 million. The company intends to use the funds for general working capital purposes. Following the completion of the share subscription, changes were made to the shareholding structure of the company.
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