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Mao's Media Plans HK$231M Share Placement at 19.7% Discount

2026-07-07 00:07:58

Mao's Media Group (01716) announced today it plans to place up to 54 million new shares at HK$4.28 per share, raising approximately HK$231 million. The placement price represents a 19.7% discount to yesterday's closing price of HK$5.33. The placement shares will account for approximately 16.67% of the enlarged issued share capital, with proceeds to fund new sustainable business development, expand media services, and support general operations.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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