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Fire Rock Holdings Terminates Placing Agreement for New Shares

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Fire Rock Holdings Terminates Placing Agreement for New Shares

Elevate Your Investing Strategy:

Fire Rock Holdings Ltd ( (HK:1909) ) just unveiled an update.

Fire Rock Holdings Ltd announced the lapse and termination of its Placing Agreement for issuing new shares under a general mandate. The agreement lapsed due to unmet conditions and failed negotiations for an extension. The company stated that this termination will not adversely affect its business operations or financial position, and it may consider future fundraising exercises.

More about Fire Rock Holdings Ltd

Average Trading Volume: 54,965

Technical Sentiment Signal: Sell

Current Market Cap: HK$485.8M

For a thorough assessment of 1909 stock, go to TipRanks’ Stock Analysis page.

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