Comba Telecom Systems Holdings (HKG:2342, SGX:STC) raised about HK$372 million through the issue of 341.5 million new shares to two independent investors under a general mandate, according to a Thursday filing on the Singapore Exchange.
The Hong Kong-based wireless communications provider issued 310.4 million shares to Ocean Link Investment and 31 million shares to Intel Capital Corp. at HK$1.09 each.
Comba said the proceeds will be used for general working capital.
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