iDreamSky Technology Holdings (HKG:1119) is looking to raise net proceeds of about HK$254.13 million via placement of up to 119,850,400 new shares at HK$2.15 apiece, a Wednesday filing with the Hong Kong Exchange said.
The company plans to use the net proceeds for the research and development of its key products, overseas distribution of its products, and general working capital.
Valuable Capital, SPDB International Capital, and Guotai Junan Securities (Hong Kong) will act as the placing agents for the company for this placing.
Price (HKD): $2.48, Change: $-0.02, Percent Change: -0.80%
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