Fire Rock Holdings Announces Rights Issue to Raise Capital
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Fire Rock Holdings Ltd (HK:1909) has announced a Rights Issue to raise capital through the issuance of up to 96,000,000 shares at HK$1.58 each. An extraordinary general meeting will discuss this move, which allows existing shareholders to purchase additional shares, with some exclusions for shareholders outside Hong Kong. The company has engaged SBI China Capital Financial Services and Sulfulon International for placement and underwriting. The current analyst rating for HK:1909 is a Hold with a price target of HK$2.00.
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