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Lisi Group (Holdings) Limited ( (HK:0526) ) has shared an update.
Lisi Group (Holdings) Limited announced the completion of a subscription agreement with Manukura (CMCI) Limited, resulting in net proceeds of approximately HK$60,450,000. The proceeds were initially intended for the acquisition of Emerald Holding (Luxembourg) S.a.r.l, which did not proceed, leading to a revised allocation towards other investment opportunities and working capital. The company has outlined the expected timeline for the utilization of these funds, ensuring stakeholders are informed of the strategic financial adjustments.
More about Lisi Group (Holdings) Limited
Lisi Group (Holdings) Limited is a company incorporated in Bermuda, operating with a focus on investment opportunities and working capital management. The company is involved in various sectors, although specific primary products or services are not detailed in the announcement.
Average Trading Volume: 1,590,266
Technical Sentiment Signal: Hold
Current Market Cap: HK$857.9M
For detailed information about 0526 stock, go to TipRanks’ Stock Analysis page.