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Starlight Culture Entertainment Group Limited ( (HK:1159) ) just unveiled an announcement.
Smart Digital Technology Group Limited, along with its subsidiaries, is actively working to address financial challenges and improve its liquidity position. The company is conducting a placing of new shares to raise approximately HK$6.9 million, which will be used to repay debts and replenish working capital. Additionally, the group is negotiating with lenders for loan renewals, exploring new business opportunities in the metaverse and new energy sectors, implementing cost control strategies, and acquiring copyrights for content production to enhance cash flow.
More about Starlight Culture Entertainment Group Limited
Average Trading Volume: 636,452
Technical Sentiment Signal: Hold
Current Market Cap: HK$130.1M
For detailed information about 1159 stock, go to TipRanks’ Stock Analysis page.