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AustAsia Group Limited. ( (HK:2425) ) has shared an update.
AustAsia Group Limited, incorporated in Singapore, has announced a proposed rights issue to raise approximately HK$313.81 million by issuing up to 280,185,244 rights shares at HK$1.12 each. The rights issue is on a non-underwritten basis and available only to qualifying shareholders. The company has received an irrevocable undertaking from certain controlling shareholders to accept their entitlements, ensuring a significant portion of the rights shares will be taken up, which may stabilize the company’s financial position and reassure stakeholders.
More about AustAsia Group Limited.
YTD Price Performance: 59.60%
Average Trading Volume: 86,512
Technical Sentiment Signal: Sell
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