Fire Rock Holdings Ltd. has announced a private placement of new shares under a general mandate. The company has entered into an agreement with a placing agent to issue up to 38,400,000 new shares at a placing price of HK$1.87 per share. This move is aimed at raising capital deemed to be in the best interest of the company and its shareholders. The completion of the agreement is contingent upon the approval of the listing of these new shares by the Listing Committee and the absence of any significant suspension of the company's share trading on the Stock Exchange.
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