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Dragon Rise Group Raises HK$27.7 Million in Rights Issue
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Dragon Rise Group Raises HK$27.7 Million in Rights Issue

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

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Dragon Rise Group Holdings Ltd. has successfully raised approximately HK$27.7 million through a rights issue, with Fame Circle significantly increasing its stake in the company to 67.10%. The proceeds will bolster ongoing construction projects, repay bank loans, and support general working capital. This strategic move aims to strengthen the company’s financial position in the market.

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