According to the announcement released by Kantone Holding (01059) on the Zhong Tong Finance APP, the placement has been completed and a total of 50.86 million shares have been allocated at a placement price of HKD 0.2950 per share to no fewer than six underwriters.

After deducting the placement commission, professional fees, and all related expenses, the net proceeds from the placement is approximately HKD 14.8 million. The company plans to use the net proceeds for the general operating capital of the group and for potential investments in the industry (if business opportunities arise).