Longhui International Holdings Ltd. (HK:1007) has released an update.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Longhui International Holdings Ltd. has successfully completed the placement of 63,220,000 new shares, raising gross proceeds of approximately HK$30.3 million, which will be used primarily for debt repayment and general working capital. This placement has altered the company’s shareholding structure, with the new shares representing about 37.50% of the enlarged issued share capital.
For further insights into HK:1007 stock, check out TipRanks’ Stock Analysis page.