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Virtual Mind Holding Company Limited ( (HK:1520) ) has provided an update.
Virtual Mind Holding Company Limited has announced a further update on the placing of new shares under a general mandate, with the maximum net proceeds estimated to be approximately HK$79.92 million. The company plans to allocate around HK$38.00 million, or 47.55% of the net proceeds, towards developing its businesses, particularly focusing on a new sports IP consumption ecosystem and the construction of a procurement supply chain platform for IP new consumption systems. This strategic move aims to enhance the company’s existing operations by leveraging high-quality sports IP resources and improving product quality control and supply chain traceability.
More about Virtual Mind Holding Company Limited
Virtual Mind Holding Company Limited is engaged in the apparel operation, money lending, and intellectual property (IP) application and products operation industries.
Average Trading Volume: 7,166,273
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.25B
For a thorough assessment of 1520 stock, go to TipRanks’ Stock Analysis page.
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