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An update from Future Bright Mining Holdings Ltd. ( (HK:2212) ) is now available.
Future Bright Mining Holdings Limited has announced a placement of new shares under a general mandate. The company plans to place a maximum of 210,651,840 shares at a price of HK$0.133 per share, representing a significant portion of its existing share capital. The placement aims to raise approximately HK$27.32 million in net proceeds, which will be used for capital expenditure on the Yiduoyan Project and general working capital. This move could potentially impact the company’s financial position and industry standing, as it seeks to strengthen its operational capabilities.
More about Future Bright Mining Holdings Ltd.
Average Trading Volume: 619,128
Technical Sentiment Signal: Hold
Current Market Cap: HK$187.5M
See more data about 2212 stock on TipRanks’ Stock Analysis page.