Persistence Group Revises Global Offering Funds Allocation

Persistence Resources Group Ltd (HK:2489) has released an update.

Persistence Resources Group Ltd has announced a strategic reallocation of the unutilized portion of their net proceeds from their recent Global Offering, totaling approximately HK$193.4 million. The company has revised their investment plans, now focusing more on the expansion of their business through the acquisition of gold mining assets, which was previously allocated for repaying bank loans. They expect to fully utilize these funds by the end of 2025, with adjustments being made in response to market conditions.

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