Company raises $2.54 million
HONG KONG — Global Entertainment Group, a London-listed Asian entertainment investor, has raised £1.3 million ($2.54 million) in a share placing.
Global intends to use the proceeds to expand its chain of cinemas in China, chairman Dr. Johnny Hon said.
Company sold new shares at 1.5 pence ($0.03) each. Move values the company at $8.71 million.
Following the placing, Daiton Global owns 24% of the company.