Success Dragon International Holdings Ltd. (HK:1182) has released an update.
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Success Dragon International Holdings Ltd., a gold processing and trading enterprise, has announced a significant shift in the allocation of its net proceeds from a recent Rights Issue. The company has repurposed the remaining HK$64.1 million, originally slated for the construction of a new plant, towards investments in leased plants, acquisition of machinery, and working capital, with a target completion date of March 31, 2025. This change comes after the suspension of the new plant’s preparation work due to land acquisition and environmental challenges.
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