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Miji International Holdings Limited ( (HK:1715) ) just unveiled an announcement.
Volcano Spring International Holdings Limited, incorporated in the Cayman Islands, recently announced the results of its Rights Issue. The company offered three rights shares for every existing share, but the issue was under-subscribed, with only 9.74% of the shares taken up initially. Through compensatory arrangements, 208,370,000 unsubscribed rights shares were successfully placed with independent placees, raising approximately HK$60.7 million in gross proceeds. The net proceeds will be used primarily for debt repayment and general working capital, with Starlight Investment Fund SPC becoming a substantial shareholder.
More about Miji International Holdings Limited
Average Trading Volume: 765,797
Technical Sentiment Signal: Sell
Current Market Cap: HK$165.1M
See more data about 1715 stock on TipRanks’ Stock Analysis page.