MOG Digitech Holdings Ltd. has successfully completed a private placement, issuing 228,710,000 new shares under a general mandate. The shares were placed by Waton Securities International Limited at a price of HK$0.475 per share, representing approximately 16.67% of the enlarged total issued share capital of the company. The completion of this placement results in net proceeds of roughly HK$107.45 million. These shares rank equally with existing shares, and the placing was conducted independently, ensuring no new substantial shareholders emerged from the transaction.
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