GDS Global completes stock placement, raising HKD 4.08 million to expand business | Lianhe Zaobao
GDS Global has completed a stock placement, raising HKD 4.08 million to expand its business. The placement involved 60 million shares, with a placement price of HKD 0.068 per share. The funds raised will be used to undertake more large projects, strengthen market promotion, expand into new regional markets, and address the acquisition of Asiabuild Metal Engineering and Integrated Aluminium. GDS Global stated that this acquisition aims to diversify revenue sources, seize growth opportunities in the steel and construction aluminum sectors, and enhance competitiveness and profitability
