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Global Entertainment raises cash |
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Written by Patrick Frater
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Tuesday, 19 February 2008 |
HONG KONG – Global Entertainment Group, a London-listed Asian entertainment investor, has raised GBP1.3 million ($2.54 million) in a share placing. Company sold new shares at 1.5p ($0.03) each, move which values the entire company at $8.71 million. Following the placing Daiton Global owns 24% of the company. Global chairman Dr Johnny Hon says company intends to use the proceeds to expand its chain of cinemas in China.
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Last Updated ( Wednesday, 20 February 2008 )
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