Silkwave (HKG:0471) agreed to allot and issue a total of 5.7 million new shares to Advance Sino Investments and Peak Honour for HK$4.8 million at HK$0.85 apiece, a Tuesday bourse filing said.
The to-be-issued shares represent 5.98% of the enlarged issued shares of the company.
The company plans to use the net proceeds of HK$4.8 million to pay professional fees and for its operating expenses.
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