Times Universal Group’s Rights Issue Proceeds Fully Allocated

Times Universal Group Holdings (HK:2310) has released an update.

Times Universal Group Holdings Limited has fully utilized the net proceeds from its 2020 Rights Issue, which raised approximately HK$52 million, to cover various expenses including bond repayment, Filecoin purchase, and general working capital needs. The additional information provided updates the company’s 2023 Annual Report, detailing the revised allocation and complete utilization of funds by the end of 2023. Despite these updates, the rest of the 2023 Annual Report remains unchanged.

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