Medtech Group to raise HK$5.9 mln by placement

Medtech Group (1031) said it would place 101 mln shares at HK$0.06 each through the placement agency . The raised HK$5.9 mln, which accounted for 3.04% of the enlarged capital, will be used for operating capital. After the dealing , the stake held by Huge China Development , the major shareholder of the company, will reduce to 40.55% from 41.28%.

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