Alco Holdings (HK:0328) has released an update.
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Alco Holdings Limited has successfully completed the placement of 19,090,000 new shares, raising approximately HK$65.2 million in net proceeds. These funds are earmarked for repaying debts and bolstering the company’s working capital. The share placement represents about 16.66% of the company’s enlarged share capital, attracting various independent professional and institutional investors.
For further insights into HK:0328 stock, check out TipRanks’ Stock Analysis page.