Hang Yick Holdings Company Limited (HK:1894) has released an update.
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Hang Yick Holdings Company Limited, facing a liquidity crunch amid tough economic conditions, has announced a supplemental arrangement to place new shares for immediate funding needs. The proceeds, amounting to HK$7.8 million, will be allocated to settling aged debts, covering preliminary site expenses, and bolstering general working capital. Additionally, the company has extended the deadline for fulfilling the placement conditions from June 12 to June 19, 2024.
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