Rego Interactive Co. Ltd. has announced a change in the use of proceeds from its recent rights issue. The company originally intended to invest the funds in the acquisition of a PRC company that provides e-commerce solutions. However, due to market uncertainties and the target company's underperformance, the acquisition project did not proceed as planned. As a result, Rego Interactive will reallocate the remaining proceeds, including the refund of a prepayment, to the Group's general working capital. The company expects to fully utilize the remaining net proceeds by 31 December 2026 and states there are no other changes to the planned use of funds at this time.
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