AustAsia Group Ltd. Announces HK$33.81 Million Debt Repayment Using Unutilised Rights Issue Proceeds

Reuters

Sep 26

AustAsia Group Ltd. Announces HK$33.81 Million Debt Repayment Using Unutilised Rights Issue Proceeds

AustAsia Group Ltd. has announced a change in the use of proceeds from its recent rights issue, reallocating approximately HK$33.81 million of unutilised net proceeds to repay the principals and interests of offshore loans with a financial institution. This repayment is expected to be completed by 30 September 2025. The company's board stated that this adjustment will help minimise foreign exchange losses and streamline the remittance process, rather than using the funds for general working capital. No other changes to the use of proceeds were disclosed.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AustAsia Group Ltd. published the original content used to generate this news brief on September 26, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Announces HK$33.81 Million Debt Repayment Using Unutilised Rights Issue Proceeds","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      AustAsia Group Ltd. Announces HK$33.81 Million Debt Repayment Using Unutilised Rights Issue Proceeds\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        AustAsia Group Ltd. has announced a change in the use of proceeds from its recent rights issue, reallocating approximately HK$33.81 million of unutilised net proceeds to repay the principals and interests of offshore loans with a financial institution. This repayment is expected to be completed by 30 September 2025. 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Announces HK$33.81 Million Debt Repayment Using Unutilised Rights Issue Proceeds\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-09-26 17:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      AustAsia Group Ltd. 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