Cherish Sunshine Completes New Share Placement

Cherish Sunshine International Limited (HK:1094) has released an update.

Cherish Sunshine International Limited has successfully completed the placement of 98,752,000 new shares, raising approximately HK$42.2 million in net proceeds. The funds are earmarked for investment in new energy projects, expansion of procurement services, and bolstering general working capital. This strategic move has altered the company’s shareholding structure, with public shareholders now holding a larger proportion of the equity.

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