Elife Holdings Limited (HK:0223) has released an update.
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Elife Holdings Limited plans to raise approximately HK$27.12 million through a proposed rights issue, offering one new share for every five existing shares at HK$0.10 each. The net proceeds will support brand promotion, supply chain development, and general working capital. This move, not requiring shareholder approval, adheres to compliance with listing rules.
For further insights into HK:0223 stock, check out TipRanks’ Stock Analysis page.
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