Green Economy Secures Funding for Expansion

Green Economy Development Limited (HK:1315) has released an update.

Green Economy Development Limited has announced an equity funding agreement where the Target Company and Rizhaogang will contribute a combined US$2 million towards the Target Subsidiary for its general working capital and potential expansion into ore processing services. The funding aims to support the existing operations and may facilitate the acquisition and development of new ore treatment facilities. The agreement is viewed by the company’s Directors as beneficial and in the interest of its shareholders.

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