Fameglow Holdings Ltd. Plans to Allocate Subscription Proceeds to Staff Costs, Rental Expenses, and Corporate Operations
Fameglow Holdings Ltd. plans to allocate HK$35 million from new share proceeds to staff costs, HK$6 million to rental expenses, and HK$5.71 million to corporate operations. This strategy outlines the company's financial planning following a recent share subscription.
Fameglow Holdings Ltd. has announced its strategy for the use of net proceeds from a recent subscription of new shares under a general mandate. The company plans to allocate approximately HK$35.0 million, or 74.9% of the net proceeds, to the payment of staff costs, including salaries, wages, commissions, bonuses, allowances, and retirement benefit scheme contributions. Additionally, around HK$6.0 million, or 12.9% of the net proceeds, will be used for rental and building management expenses. The remaining HK$5.71 million, or 12.2%, is designated for other business and corporate expenses, including marketing and promotion, as well as office and general administrative costs. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fameglow Holdings Ltd. published the original content used to generate this news brief on November 21, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
