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Fire Rock Holdings Updates on Fund Allocation
Company Announcements

Fire Rock Holdings Updates on Fund Allocation

Fire Rock Holdings Ltd (HK:1909) has released an update.

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Fire Rock Holdings Ltd has provided additional details on the utilization of proceeds from its recent placement and the status of its Share Award Scheme. The company has fully allocated funds for game development and optimization, but has been cautious with acquisitions, leaving some adaptation rights funds unused due to the uncertain global economy and mobile game industry policies. Fire Rock aims to fully utilize remaining funds by the end of 2024.

For further insights into HK:1909 stock, check out TipRanks’ Stock Analysis page.

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