RooLife Group Ltd. ( (AU:RLG) ) just unveiled an update.
RooLife Group Ltd has secured a strategic investment from a key channel partner in China, raising approximately $653,000 through a placement at a 14.3% premium to the previous day’s closing price. The funds will be used for product development, global expansion of sales channels, and general working capital. The company has also appointed Morgans Corporate Limited as an advisor to engage with high net worth and institutional investors, enhancing its market positioning and potential investor base.
More about RooLife Group Ltd.
RooLife Group Ltd is an e-commerce company focused on developing and selling its own products through online stores and channels. The company aims to expand its global sales channels, particularly in high-margin and high-demand products, and has a strategic focus on partnering with established sales distribution channels in key markets.
Technical Sentiment Signal: Buy
Current Market Cap: A$4.26M
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