Grandmass places 100 mln old shares and 50 mln new shares to raise HK$3.7 mln

Grandmass Enterprise Solution (8108) announced that its leading shareholder Enterprise placed 100 mln old shares to at least six investors at HK$0.08 each and placed 50 mln new shares at the same price. The new shares represented 11.11% of the enlarged shares capital and the net proceeds of HK$3.7 mln would be used for general operation capital. After the dealing, the shares held by Enterprise would decrease from 35% to 8.89% and the placing price had 11.11% discount to the closing price.

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