Fire Rock Holdings Ltd. has announced a potential private placement of new shares under a general mandate. The company is currently in preliminary discussions with potential placing agents regarding this initiative, which aims to bolster the company's business operations. The potential placement, if realized, is intended to support the establishment of research and development teams and the publishing of games in Southeast Asia. Additionally, it plans to provide sufficient funds for acquiring or investing in games and other internet projects that could synergize with the group's existing businesses, as well as replenishing the working capital. Fire Rock Holdings Ltd. has not yet entered into any legally binding agreement regarding this possible placement, and further announcements are expected as discussions progress.
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