Reliance Global Holdings Limited (HK:0723) has released an update.
Reliance Global Holdings Limited has successfully completed the placement of 1,822,980,000 new shares, altering the company’s shareholding structure by introducing new public shareholders and decreasing the percentage held by existing substantial shareholders. This strategic move, executed at a placement price of HK$0.0193 per share, aims to expand the company’s capital base, with all placees being independent third parties.
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