Kafelaku Coffee Holding (HKG:1869) has further revised the terms of its private placement, raising the targeted proceeds to about HK$13.2 million from HK$11.6 million, according to a Wednesday Hong Kong bourse filing.
The company will now place shares at HK$0.047 each, up from HK$0.041 under the previous terms. The specialty coffee chain also extended the closing date to Oct. 14 from Sept. 23.
Shares of the company fell nearly 2% in Thursday's trade.
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