Hong Kong ChaoShang Group Ltd. (HK:2322) has released an update.
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Hong Kong ChaoShang Group Ltd. has announced a plan to place up to 800 million new shares at a discounted price of HK$0.70 per share, aiming to raise approximately HK$531.8 million after expenses. The proceeds are intended for expanding the company’s financial services, potential investments, and general working capital. Investors are advised to exercise caution as the completion of the share placement is subject to certain conditions.
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