tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Luxxu Group Completes Successful Rights Issue, Raising HK$15.2 Million

Story Highlights
Luxxu Group Completes Successful Rights Issue, Raising HK$15.2 Million

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

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

For an in-depth examination of 1327 stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1