Summary by Moomoo AI
CAPITAL REALM released a supplementary announcement regarding the annual report ending March 31, 2024, providing detailed explanations of the use of proceeds from the recently completed placement of new shares. The company completed the placement of 0.144 billion new ordinary shares at a placement price of HKD 0.65 per share on February 23, 2024, raising a net amount of HKD 92.7 million.According to the announcement, the proceeds from the placement have been fully utilized as planned, with approximately HKD 81.7 million used for future investment opportunities, about HKD 9 million allocated for the group's general operating funds, and the remaining approximately HKD 2 million used for loan repayment.The main purpose of this supplementary announcement is to provide investors with specific information on the usage of the proceeds from the placement, ensuring the completeness and transparency of the information disclosure. As of March 31, 2024, all funds have been used according to the original intended purposes.
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