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Youth Champ Financial Group Holdings Limited ( (HK:1160) ) has provided an announcement.
Goldstone Capital Group Limited, a company incorporated in Bermuda, has announced a delay in utilizing the net proceeds from its 2022 Rights Issue, amounting to approximately HK$17.2 million, which were intended for future investments and business development. The delay is attributed to a challenging global economic environment marked by political uncertainties, tense China-US relations, and global supply chain disruptions. The company has adopted a cautious investment approach, deciding to withhold investments until a more favorable market condition arises, with plans to utilize the funds by March 31, 2025.
More about Youth Champ Financial Group Holdings Limited
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €6.12M
Learn more about 1160 stock on TipRanks’ Stock Analysis page.
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