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Sterling Group Completes Share Placement, Boosting Capital

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Sterling Group Completes Share Placement, Boosting Capital

Confident Investing Starts Here:

Sterling Group Holdings Limited ( (HK:1825) ) has provided an update.

Sterling Group Holdings Limited has completed the placement of 57,600,000 new shares at a price of HK$0.070 per share, representing approximately 16.7% of its enlarged share capital. The net proceeds of approximately HK$3.95 million will be used for general working capital purposes, altering the company’s shareholding structure and potentially strengthening its financial position.

More about Sterling Group Holdings Limited

YTD Price Performance: -2.22%

Average Trading Volume: 766,617

Technical Sentiment Consensus Rating: Buy

Current Market Cap: HK$23.04M

See more insights into 1825 stock on TipRanks’ Stock Analysis page.

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