Gaodi Holdings (HKG:1676) raised HK$13.6 million by placing 10,010,000 shares to at least six independent parties at HK$1.40 per share, a Wednesday filing with the Hong Kong Exchange said.
The placed shares represent about 6.5% of the issued share capital of the company as enlarged by the placing. The company intends to fully utilize the proceeds by the end of June 2025 by applying it on goods, marketing, and promotion expenses, and to improve the company's food business.
The company's shares were up nearly 5% on Wednesday's close.
Price (HKD): $1.58, Change: $+0.07, Percent Change: +4.64%
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