REF Holdings plans HK$23.4 million share placing to fund financial printing expansion
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REF Holdings Limited plans to raise approximately HK$22.71 million through a share placing of up to 51.2 million new shares at HK$0.457 each. This placement, representing about 20% of existing share capital, aims to fund the expansion of its financial printing services and strengthen its financial position. While the move may dilute existing shareholders, it is seen as a strategic step to enhance capital flexibility and competitiveness in the market. The completion of the placing is conditional and may not materialize.
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