HSC Technology Group (ASX:HSC) works towards future growth with $1.5m capital raise

2 June 2022

A big thanks to The Market Herald for covering the news highlighting the following:

HSC Technology Group (HSC) receives firm commitments to raise $1.5 million through a placement
Institutional and sophisticated investors have put their hands up for the issue of 150 million shares offered at one cent each
HSC plans to use the fresh capital to bolster hardware inventory levels to increase sales, which it says, in turn, will position the company for future growth
Shares under the placement are scheduled to be allotted on or around Wednesday, June 8, and will rank equally with existing HSC share
Shares resumed trade today and are up 9.09 per cent to trade at 1.2 cents at market close