Dragon Rise Group Holdings Ltd. (HK:6829) has released an update.
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.
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