Contel Technology Completes Successful Share Placement
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Contel Technology Company Limited (HK:1912) has successfully completed the placement of 219,620,000 new shares, raising approximately HK$12.83 million. The funds will be used to repay debts and for general working capital, increasing the public shareholding percentage. The company, incorporated in the Cayman Islands, operates in the technology sector and is listed on the Hong Kong Stock Exchange, with a current market cap of HK$91.14 million.
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