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Fire Rock Holdings Ltd ( (HK:1909) ) has issued an announcement.
Fire Rock Holdings Ltd announced a supplemental update on its plan to place up to 38.4 million new shares, with expected net proceeds of approximately HK$71.6 million. The funds will be allocated towards building a new development team in China, establishing a development base in Indonesia, acquiring new simulation games, and marketing existing and new games in Southeast Asia. This strategic move aims to strengthen the company’s operational capabilities and market positioning in the region.
More about Fire Rock Holdings Ltd
Fire Rock Holdings Ltd operates in the gaming industry, focusing on the development and marketing of simulation games. The company is expanding its market presence in Southeast Asia, particularly in Indonesia, by setting up development bases and enhancing its marketing efforts.
Average Trading Volume: 36,914
Technical Sentiment Signal: Sell
Current Market Cap: HK$355.2M
Learn more about 1909 stock on TipRanks’ Stock Analysis page.