XiangXing International Holding Limited (HK:1732) has released an update.
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Xiangxing International Holding Limited has successfully completed the issuance of 80 million new shares, which equates to 6.25% of their enlarged share capital, generating net proceeds of approximately HK$9.2 million. These funds are earmarked to support the company’s business development and for use as general working capital. The allocation did not lead to any single investor becoming a substantial shareholder, maintaining a diverse and independent ownership structure.
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