Megain Discloses How It Has Spent Money Raised via IPO

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Nearly two years ago, Megain Holding (Cayman) Co., Ltd., a Chinese designer of chips for third-party consumables, raised money via an initial public offering (IPO) of the company’s shares on the Hong Kong Stock Exchange (HKSE) (see “Chipmaker Megain Holds IPO, Ranks of Public Firms in China’s Supplies Industry Swell”). On January 2, Megain provided

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