Ritamix Global Limited (HK:1936) has released an update.
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Ritamix Global Limited has announced a further extension to the timeline for utilizing its unutilized net proceeds, with significant funds earmarked for projects like a new manufacturing plant and laboratory. The company has faced delays due to the COVID-19 pandemic, supply chain disruptions, and competition, impacting its expansion plans. As a result, Ritamix’s strategic financial plans have been adjusted to accommodate these challenges and market conditions.
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