Link-Asia International Medtech Group Ltd. (HK:1143) has released an update.
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Link-Asia International Medtech Group Ltd. plans to raise approximately HK$94.2 million through a rights issue, offering two new shares for every existing share held by qualified shareholders. The proceeds will be directed towards procurement, acquiring distribution rights, research and development, and enhancing working capital. This move is expected to strengthen the company’s financial position and expand its business operations.
For further insights into HK:1143 stock, check out TipRanks’ Stock Analysis page.