CMGE Plans HK$30 Million Share Subscription to Bolster Capital Base
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CMGE Technology Group Limited plans to raise HK$30 million through the issuance of 122,950,818 new shares at HK$0.244 each, representing about 4.10% of its existing share capital. This move aims to strengthen its capital base without needing separate shareholder approval. However, completion is subject to certain conditions, and there are execution risks involved. CMGE operates in the technology and gaming sector, focusing on mobile and online game publishing in Asia.
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