ABC Multiactive heading for GEM with $56m target

Software firm ABC Multiactive, the local subsidiary of Canada-based Multiactive Software, is aiming to raise HK$40 million to HK$56 million through a listing on the Growth Enterprise Market (GEM), according to market sources.

The sources said the listing was expected to be launched by the end of this month or early next month, with 40 million shares to be sold to investors by placement only at between HK$1 to HK1.40 each.

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