Dragon Rise Group Holdings Ltd. (HK:6829) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Dragon Rise Group Holdings Ltd., a Cayman Islands-based company, has announced a conditional agreement with Head & Shoulders Securities Limited to place 240 million new shares, representing up to 20% of its pre-placement issued share capital. The shares will be offered at a significant discount, approximately 19% less than the recent closing price, aiming to raise up to HK$15.4 million for working capital. Investors are cautioned as the placement’s completion is subject to Listing Committee approval and other conditions.
For further insights into HK:6829 stock, check out TipRanks’ Stock Analysis page.