Future World Holdings Limited (HK:0572) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Future World Holdings Limited has issued a clarification stating that all 2022 net proceeds have been utilized, rendering previous disclosures about changes in their usage moot. Additionally, due to a recent surge in share prices of potential investment targets, the company has decided to revert to its original plan of using all 2023 net proceeds to repay bank borrowings, abandoning the previously announced changes. Other than these corrections, the company confirms that the rest of the information in its 2023 final results and annual report remains unchanged.
For further insights into HK:0572 stock, check out TipRanks’ Stock Analysis page.