Fire Rock Holdings Ltd Announces Rights Issue Results and Compensatory Arrangements
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Fire Rock Holdings Ltd announced the results of its Rights Issue, with 45.78% of 96,000,000 Rights Shares subscribed. The remaining shares will be offered to independent placees through compensatory arrangements, benefiting shareholders. The success of the Rights Issue depends on certain conditions, including the Underwriting Agreement becoming unconditional. The latest analyst rating for HK:1909 stock is Hold with a HK$1.50 price target.
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