Alco Holdings (HK:0328) has released an update.
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Alco Holdings has announced a new share placement to raise up to HK$65.2 million, offering 19.09 million shares at a 19.77% discount to the recent closing price. The funds will be used for debt repayment and general working capital. This move represents about 20% of the company’s current issued share capital.
For further insights into HK:0328 stock, check out TipRanks’ Stock Analysis page.