Dragon Rise Group Holdings Ltd. (HK:6829) has released an update.
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Dragon Rise Group Holdings Ltd. has successfully completed the placement of 240 million new shares, raising about HK$14.9 million for working capital enhancement. The placement has slightly diluted previous shareholdings, with the new shares amounting to approximately 16.67% of the post-placement issued capital. Independent third parties acquired the shares, and the company assures they do not constitute significant shareholders post-acquisition.
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