
LUXXU GROUP: All 67,997,400 unsubscribed rights issue shares have been successfully allocated

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LUXXU GROUP announced that all 67,997,400 unsubscribed rights issue shares have been successfully placed, with a placement price of HKD 0.15 per share. The total amount raised from this rights issue is approximately HKD 16.2 million, with a net amount of about HKD 15.2 million after deducting related expenses. As there are no net proceeds available for distribution to non-participating shareholders, the compensation arrangement will not apply
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