New Sparkle Roll Group’s Successful Share Issue

New Sparkle Roll International Group Limited (HK:0970) has released an update.

New Sparkle Roll International Group Limited successfully issued 74,879,418 new shares, raising approximately HK$46.4 million in net proceeds. This capital increase, representing nearly 16% of the post-issue share count, will fund litigation expenses, potential investments, and general working capital. The shares were priced at HK$0.64 each and the transaction was completed on July 31, 2024, under the terms of the Subscription Agreements.

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