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Loeb & Loeb represented Bonny International Holding Limited, a Hong Kong-listed intimate wear products company, in its rights issue of 271,123,710 shares on the basis of one rights share for every four existing shares held, at HK$0.245 per rights share on a non-underwritten basis.
The rights issue closed in September 2024, raising a total of HK$66.4 million. The net proceeds have been used for general working capital (including but not limited to staff costs and supplier payments), acquisition of equipment, and research and development aimed at creating new products and establishing production lines to support these innovations.
The Loeb team was led by Capital Markets & Corporate partners Michael Fung and Jeffrey Kung, with support from associates Edgar Siu and Samantha Lock.
The rights issue closed in September 2024, raising a total of HK$66.4 million. The net proceeds have been used for general working capital (including but not limited to staff costs and supplier payments), acquisition of equipment, and research and development aimed at creating new products and establishing production lines to support these innovations.
The Loeb team was led by Capital Markets & Corporate partners Michael Fung and Jeffrey Kung, with support from associates Edgar Siu and Samantha Lock.
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