Fire Rock Holdings Ltd. has announced a private placement of up to 38,400,000 new shares under a general mandate. The placement is set at a price of HK$1.87 per share, reflecting a premium over both the closing price on the date of the agreement and the average closing price over the previous five trading days. The company intends to use the net proceeds from this offering to fund specific initiatives. Shareholders and potential investors are advised to exercise caution, as the placement is contingent upon certain conditions outlined in the agreement.
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