Longhui International Holdings Ltd. (HK:1007) has released an update.
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Longhui International Holdings Ltd. has announced a strategic move involving the placement of up to 21 million existing shares at HK$0.12 each, along with a subscription for new shares at the same price. This initiative is expected to inject approximately HK$2.42 million into the company’s working capital, assuming full placement, thus potentially enhancing its financial flexibility. The shares will be placed by Cheong Lee Securities Ltd. to independent investors, ensuring no immediate substantial change in the shareholder structure.
For further insights into HK:1007 stock, check out TipRanks’ Stock Analysis page.