China Uptown Group Co. Ltd. (HK:2330) has released an update.
China Uptown Group Co. Ltd. has announced the completion of their Rights Issue and Placing, despite not being able to place any shares at the intended price of HK$0.15 per share. The Rights Issue saw a low uptake with only about 1.8% of the available shares being subscribed. The company plans to use the HK$0.56 million net proceeds for professional fees and general working capital.
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