Star Plus Legend to Raise HK$369 Million via Share Placement, Top-Up Subscription
MT Newswires Live
Yesterday
Star Plus Legend (HKG:6683) will raise about HK$369.3 million in net proceeds through a placing of existing shares and a top-up subscription of new shares under its general mandate, according to a Thursday Hong Kong bourse filing.
Up to 75 million shares will be placed at HK$7.20 each, representing a 19.9% discount to Wednesday's closing price.
Of these, 54.5 million new shares will be issued to executive director Lai Kwok Fai Franki under the top-up subscription.
The proceeds will be used mainly for hosting concerts and exhibitions with international artists, developing celebrity IP and related content, R&D for food and beverage products, and working capital.
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