Sterling Group Holdings Limited (HK:1825) has released an update.
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Sterling Group Holdings Limited has announced a placement of new shares, amounting to 20% of its existing issued shares, at a discounted price of HK$0.11 per share. The proceeds, expected to be around HK$5.12 million net, are intended for general working capital and to support ongoing operations and business exploration. Investors are advised to exercise caution as the placement’s completion is subject to certain conditions.
For further insights into HK:1825 stock, check out TipRanks’ Stock Analysis page.