Future Bright Mining Holdings Ltd. (HK:2212) has released an update.
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Future Bright Mining Holdings Ltd. is set to place up to 210,651,840 new shares at a discounted price of HK$0.11 per share, representing a 20% increase in its existing share capital. The move aims to raise approximately HK$22.52 million in net proceeds, with funds earmarked for capital expenditure on the Yiduoyan Project and general working capital. Investors are advised to exercise caution as the share placement is subject to certain conditions.
For further insights into HK:2212 stock, check out TipRanks’ Stock Analysis page.