tiprankstipranks
Trending News
More News >

Success Dragon Redirects Funds for Business Growth

Success Dragon Redirects Funds for Business Growth

Success Dragon International Holdings Ltd. (HK:1182) has released an update.

Confident Investing Starts Here:

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.

For further insights into HK:1182 stock, check out TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App