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Luxxu Group Ltd. ( (HK:1327) ) has issued an announcement.
Luxxu Group Limited, a company incorporated in the Cayman Islands, announced the results of its Rights Issue, which offered one Rights Share for every existing share held. The Rights Issue raised approximately HK$16.2 million in gross proceeds, with net proceeds of HK$15.2 million after expenses. These funds will be used primarily for repaying bond payables and general working capital. The Rights Issue was fully subscribed through compensatory arrangements, ensuring no net gain distribution to non-participating shareholders, and did not alter the company’s shareholding structure.
More about Luxxu Group Ltd.
Average Trading Volume: 121,248
Technical Sentiment Signal: Sell
Current Market Cap: HK$35.37M
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