Bonny International Holding Ltd. (HK:1906) has released an update.
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Bonny International Holding Ltd. successfully completed its Rights Issue, receiving applications for approximately 90.37% of the shares offered, resulting in HK$65.0 million in net proceeds. The funds will primarily support general working capital needs, with additional investments in equipment upgrades and research and development to foster product innovation and new production lines.
For further insights into HK:1906 stock, check out TipRanks’ Stock Analysis page.