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Flowing Cloud Technology Ltd. ( (HK:6610) ) just unveiled an update.
Flowing Cloud Technology Ltd. has successfully completed the placement of 361 million new shares under a general mandate, raising approximately HK$71.62 million in net proceeds. The funds will be allocated to enhance R&D capabilities, improve services and products, and strengthen sales and marketing efforts, with a portion reserved for general working capital. This strategic move impacts the company’s shareholding structure, increasing the public shareholding percentage and supporting its growth initiatives.
More about Flowing Cloud Technology Ltd.
Flowing Cloud Technology Ltd. is a company incorporated in the Cayman Islands, focusing on enhancing its research and development capabilities, improving services and products, and boosting sales and marketing functions.
Average Trading Volume: 11,179,947
Technical Sentiment Signal: Sell
See more data about 6610 stock on TipRanks’ Stock Analysis page.