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The latest announcement is out from AustAsia Group Limited. ( (HK:2425) ).
AustAsia Group Limited, incorporated in Singapore, announced the results of its Rights Issue, which was conducted on a non-underwritten basis. The Rights Issue, offering two Rights Shares for every five existing shares, was oversubscribed by approximately 32.26%, raising gross proceeds of approximately HK$313.81 million. The net proceeds, after deducting expenses, amount to HK$308.81 million. The successful completion of the Rights Issue reflects strong shareholder support and may enhance the company’s financial position, potentially impacting its market operations and stakeholder interests.
More about AustAsia Group Limited.
Average Trading Volume: 116,459
Technical Sentiment Signal: Buy
For detailed information about 2425 stock, go to TipRanks’ Stock Analysis page.