Prosperity Group Raises HK$10.54 Million via Share Placing to Bolster Working Capital
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Prosperity Group International Limited has raised approximately HK$10.54 million through the placement of 33,365,000 new shares at HK$0.34 each, increasing its issued share capital to 200,195,200 shares. The shares were placed with six independent investors, enhancing the company's liquidity and diversifying its shareholder base without altering control among existing stakeholders. The funds will be used for general working capital. The latest analyst rating for Kingbo Strike Ltd. (HK:1421) is a Hold with a price target of HK$0.50.
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