Okura Holdings Raises HK$10.38 Million Through New Share Placement

Reuters
Feb 13
Okura Holdings Raises HK$10.38 Million Through New Share Placement

Okura Holdings Ltd. has completed a placing of 120 million new shares under its general mandate, raising approximately HK$10.38 million in net proceeds. Following the placement, Ichikura Limited remains the largest shareholder with a 52.08% stake, while the new placees hold 11.8% of the company's enlarged share capital. The funds raised will be allocated primarily to the purchase of pachinko and pachislot machines, renovation and marketing of existing pachinko halls, and general working capital.

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