New Sparkle Roll International Group Limited (HK:0970) has released an update.
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New Sparkle Roll International Group Limited has announced the conditional agreement to issue 74,879,418 new shares at a discounted price of HK$0.64 each, which represents roughly 19% of the existing shares. The proceeds from this subscription, totaling approximately HK$47.9 million before expenses, are intended for use as described in the company’s announcement. Shareholders and potential investors are cautioned that the subscription’s completion is subject to certain conditions.
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