ZHONGSHI MINAN (08283) completed the placement of 400 million shares for a net fundraising of approximately 15.3 million Hong Kong dollars.

Zhongshi Minan (08283) announced that it has completed the placement of 400 million shares of shares on January 23, 2025, at a price of HK$0.04 per share, raising approximately HK$15.3 million. Approximately HK$10 million is intended to support the operation and development of the Group's fast food and smart kitchen solutions business, and approximately HK$5.3 million is intended for general corporate working capital.