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Tycoon Group Holdings Limited Announces Share Subscription to Fuel Growth

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Tycoon Group Holdings Limited Announces Share Subscription to Fuel Growth

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The latest update is out from Tycoon Group Holdings Limited ( (HK:3390) ).

Tycoon Group Holdings Limited has entered into a Subscription Agreement to issue 94,000,000 shares at HK$0.5 each, representing approximately 11.75% of its current issued share capital. The proceeds, estimated at HK$46.7 million after expenses, will be used to invest in core business growth and improve supply chain and logistics operations, positioning the company for expansion.

More about Tycoon Group Holdings Limited

Tycoon Group Holdings Limited is a company incorporated in the Cayman Islands, focusing on investment in its core businesses to foster growth and expansion. The company aims to improve its supply chain and logistics operations, as well as general working capital.

YTD Price Performance: -87.79%

Average Trading Volume: 14,825,344

Technical Sentiment Signal: Buy

Current Market Cap: HK$340M

For detailed information about 3390 stock, go to TipRanks’ Stock Analysis page.

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