XXF Group to Raise HK$152 Million via Discounted Share Placing and Top-Up Subscription
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XXF Group Holdings Ltd. has announced a plan to raise approximately HK$152 million through a discounted share placing and top-up subscription. The arrangement involves selling existing shares by a major shareholder and issuing new shares at HK$0.98 each, representing a discount to market prices. This transaction will dilute existing minority shareholders but will strengthen the company's capital position while maintaining the controlling shareholder's stake. The deal is subject to conditions that must be met within 14 days.
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