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Windmill Group Ltd. ( (HK:1850) ) has shared an update.
HSC Resources Group Limited announced the successful completion of its Rights Issue, where 138,240,000 Rights Shares were allotted and issued, raising approximately HK$73.27 million in gross proceeds. The net proceeds of HK$69.80 million will be used primarily to support the Group’s projects, with a significant portion allocated to contractor payments, project prepayments, and initial startup costs, while the remainder will cover general working capital. This financial maneuver aims to bolster the company’s operational capacity and project execution capabilities.
More about Windmill Group Ltd.
HSC Resources Group Limited, formerly known as Windmill Group Limited, is a company incorporated in the Cayman Islands with limited liability. The company operates in the resources sector, focusing on projects that require significant contractor and subcontractor engagement.
Average Trading Volume: 249,873
Technical Sentiment Signal: Sell
Current Market Cap: HK$114M
For an in-depth examination of 1850 stock, go to TipRanks’ Overview page.