Digital Hollywood Postpones $2.2M Investment Plan

Digital Hollywood Interactive Limited (HK:2022) has released an update.

Digital Hollywood Interactive Limited announced a delay in utilizing $2.2 million of unspent IPO proceeds, previously expected to be fully deployed by mid-2024, now extended to mid-2025. The postponement is attributed to a cautious investment approach in response to the adverse effects of the COVID-19 pandemic on global prospects. This supplemental information to the company’s 2023 Annual Report clarifies the use of funds without altering any other previously reported details.

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