Dragon Rise Group Holdings Ltd. (HK:6829) has released an update.
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Dragon Rise Group Holdings Ltd. has successfully raised approximately HK$27.7 million through a rights issue, with Fame Circle significantly increasing its stake in the company to 67.10%. The proceeds will bolster ongoing construction projects, repay bank loans, and support general working capital. This strategic move aims to strengthen the company’s financial position in the market.
For further insights into HK:6829 stock, check out TipRanks’ Stock Analysis page.