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Fire Rock Holdings Ltd ( (HK:1909) ) has issued an update.
Fire Rock Holdings Ltd has announced a placement of new shares under a general mandate. The company plans to issue up to 38,400,000 new shares at a price of HK$1.87 per share, representing a 20% increase in the existing issued share capital. The placement aims to raise approximately HK$71.6 million in net proceeds, which will be used to fund the company’s sustainable development in Southeast Asia and to strengthen its financial position.
More about Fire Rock Holdings Ltd
Average Trading Volume: 46,821
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$355.2M
See more insights into 1909 stock on TipRanks’ Stock Analysis page.