Dragon Rise Group Holdings Ltd. (HK:6829) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Dragon Rise Group Holdings Ltd. has announced a share consolidation, proposing to combine every ten existing shares into one consolidated share, alongside a rights issue to raise approximately HK$28.8 million. For each consolidated share held, shareholders will have the option to purchase one rights share at HK$0.20. The net proceeds, estimated at HK$27.7 million, are intended to fund construction projects, repay part of a bank loan, and cover general working capital needs.
For further insights into HK:6829 stock, check out TipRanks’ Stock Analysis page.