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Dragon Rise Group Plans Share Consolidation and Rights Issue
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Dragon Rise Group Plans Share Consolidation and Rights Issue

Dragon Rise Group Holdings Ltd. (HK:6829) has released an update.

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Dragon Rise Group Holdings Ltd. is set to hold an extraordinary general meeting on November 12, 2024, to discuss key resolutions, including a share consolidation and a rights issue. The proposed share consolidation will convert every ten shares into one, while the rights issue aims to offer up to 144 million new shares to qualifying shareholders. These moves are strategic efforts by the company to restructure its share capital and potentially raise additional funds.

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