Cherish Sunshine International Limited (HK:1094) has released an update.
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Cherish Sunshine International Limited has entered into a Placing Agreement to issue 98,752,135 new shares at a price of HK$0.4405 per share, a discount from the recent closing price, aiming to raise approximately HK$43.0 million. These funds are earmarked for investment in new energy projects, expansion of procurement services, and general working capital. The completion of this share placement is subject to Stock Exchange approvals, and shareholders are advised to exercise caution when trading.
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