Legend Strategy International Holdings Group (HKG:1355) completed the placing of 89,670,000 shares to at least six placees to raise net proceeds of HK$15 million on Friday, a same-day bourse filing said.
The shares, which were issued at HK$0.169 apiece, represent roughly 16.7% of the hotel operator's enlarged issued share capital.
The company will use proceeds from the placement for the renovation of accommodation facilities and for general working capital.
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