gameroomgames| Kantong Group plans to place 52.086 million placing shares at a discount of approximately 16.90% and raise a net amount of HK$14.8 million

Kantong Group (01059) issued an announcementgameroomgames, on May 24, 2024, the company entered into a placing agreement with the placing agent, and the placing agent has agreed to use its best efforts, in accordance with the terms and conditions set out in the placing agreement, to pay the placing price of 0.00 per placing sharegameroomgames. 2950 HK$5,208 placed to not less than six placeesgameroomgames.60,000 placing shares.

The placing price represents a discount of approximately 16.90% to the closing price of HK$0.3550 per share of the Shares as quoted on the Stock Exchange on May 24, 2024, the date of the placing agreement.

Assuming a maximum of 52.086 million placing shares are placed under the placing, the company will receivegameroomgamesThe net proceeds (after deducting placing commissions and other fees and expenses) from the Group will be approximately HK$14.8 million. The company intends to use the net proceeds as general working capital of the group and to enable the group to seize potential investment opportunities.