China Risun Group Ltd. (HK:1907) has released an update.
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China Risun Group Ltd. has embarked on a strategic financial maneuver by initiating a top-up placing of existing shares and a subscription of shares under a general mandate, aimed at raising approximately HK$153.6 million. This move involves the sale and subscription of up to 52 million shares at HK$3.00 per share, representing about 1.21% of the company’s existing issued shares. Investors are advised to exercise caution as the completion of this agreement is subject to various conditions.
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