Skymission (HKG:1429) completed the placement of 320 million shares to at least six independent investors to raise net proceeds of about HK$31.7 million.
The shares, placed at HK$0.101 apiece, represent about 16.67% of the company's enlarged issued share capital, according to a Tuesday disclosure.
The construction subcontractor will use half of the net proceeds to settle trade and other payables, with the remaining half for staff costs.
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