Swang Chai Chuan Limited (HK:2321) has released an update.
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Swang Chai Chuan Limited has announced a strategic change in the allocation of its HK$105.2 million net proceeds from the Global Offering, extending the timeline to fully use these funds to December 2026. The company aims to enhance distribution and sales capabilities, focusing on investments in infrastructure, while scaling back plans for e-commerce and acquisitions. This shift highlights the company’s adaptive approach to evolving market conditions and business strategies.
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