Okura Holdings Adjusts Share Placing Price and Resumes Trading
Okura Holdings Limited has adjusted the placing price of its new shares to HK$0.196, aiming to raise approximately HK$21 million. The funds will be used for purchasing pachinko machines, renovating pachinko halls, and general working capital. Trading in the company's shares has resumed after a temporary halt. The board believes this move benefits the company and its shareholders.
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Okura Holdings Limited ( (HK:1655) ) just unveiled an update.
Okura Holdings Limited announced a supplemental agreement to its placing agreement, adjusting the placing price of new shares to HK$0.196, representing a discount to recent market prices. The company aims to raise approximately HK$21 million net from the placing, with proceeds allocated towards purchasing pachinko machines, renovating pachinko halls, and general working capital. The board believes the agreement is in the best interest of the company and its shareholders. Trading in the company’s shares, which was temporarily halted, has resumed.
More about Okura Holdings Limited
Okura Holdings Limited is a company incorporated in Hong Kong, primarily engaged in the entertainment industry with a focus on pachinko and pachislot machines. The company operates pachinko halls and is involved in the renovation and enhancement of these facilities.
Average Trading Volume: 2,597,843
Technical Sentiment Signal: Buy
Current Market Cap: HK$142.8M
