MOG Digitech (HKG:1942) will allot and issue 212,121,212 shares to Valiant Warrior at HK$0.99 apiece to raise net proceeds of HK$209.9 million, a Thursday bourse filing said.
The shares represent around 19% of the fintech solutions provider's enlarged issued share capital.
The firm will use proceeds from the issue for capital injections into its existing financing services and money lending businesses, as well as for general working capital.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments