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Enterprise Development Holdings Limited ( (HK:1808) ) has shared an announcement.
Enterprise Development Holdings Limited announced a change in the use of proceeds from a recent share placement, originally intended for investment in artificial intelligence data center projects. Due to market uncertainties and lack of progress in the initial investment plans, the company has decided to redirect the remaining funds towards expanding its software licensing and artificial intelligence server sales businesses, with plans to utilize the funds by the end of 2025.
More about Enterprise Development Holdings Limited
Enterprise Development Holdings Limited is a company incorporated in the Cayman Islands, operating with a focus on software licensing sales, artificial intelligence server product sales, and related product businesses.
Average Trading Volume: 35,334
Technical Sentiment Signal: Buy
Current Market Cap: HK$977.1M
Learn more about 1808 stock on TipRanks’ Stock Analysis page.