Windmill Group Ltd. (HK:1850) has released an update.
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HSC Resources Group Limited, formerly Windmill Group Ltd., is set to undergo a capital reorganization involving a share consolidation, capital reduction, and share subdivision. This move aims to address accumulated losses and facilitate a rights issue offering four rights shares for every adjusted share at HK$0.53 each, potentially raising HK$73.27 million. The rights issue will proceed on a non-underwritten basis, regardless of subscription levels.
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