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Virtual Mind Completes Successful Share Placement to Bolster Growth

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The latest update is out from Virtual Mind Holding Company Limited ( (HK:1520) ).

Virtual Mind Holding Company Limited has successfully completed the placing of 122,652,000 new shares under a general mandate, raising approximately HK$47.59 million. The funds raised will be allocated towards repaying outstanding liabilities, providing general working capital, and developing business operations. This strategic move enhances the company’s capital structure and positions it for future growth, while maintaining the independence of its shareholders.

More about Virtual Mind Holding Company Limited

Virtual Mind Holding Company Limited is a company incorporated in the Cayman Islands, operating in the financial sector. It is listed on the Hong Kong Stock Exchange and engages in activities related to securities and capital markets.

YTD Price Performance: -16.18%

Average Trading Volume: 1,317,667

Technical Sentiment Signal: Sell

Current Market Cap: HK$382.2M

For detailed information about 1520 stock, go to TipRanks’ Stock Analysis page.

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