Apex Ace Holding Ltd. (HK:6036) has released an update.
Apex Ace Holding Limited has announced that approximately HK$39.4 million of the net proceeds from their Global Offering remain unutilised, with revised timelines extending to 2024-2025 for the completion of planned projects such as warehouse enhancements and software installations, citing COVID-19 and economic factors as reasons for the delays. Additionally, the Restricted Share Awards Scheme is currently on hold as no new share awards are available for grant due to the lack of a scheme mandate from shareholders.
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