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The latest update is out from AustAsia Group Limited. ( (HK:2425) ).
AustAsia Group Limited, incorporated in Singapore, has announced a change in the allocation of the proceeds from its recent rights issue. Originally intended for general working capital, the unutilized funds of approximately HK$33.81 million will now be redirected to repay offshore loans and related interests. This strategic decision is aimed at minimizing foreign exchange losses and expediting fund remittance, reflecting the company’s focus on optimizing its financial management and cash flow position.
More about AustAsia Group Limited.
Average Trading Volume: 491,824
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$1.81B
See more data about 2425 stock on TipRanks’ Stock Analysis page.