Shanghai REFIRE Group Limited has successfully raised HK$264.81 million by placing 4,536,000 new H shares. The transaction was supported by legal advisory from O’Melveny & Myers.
The funds raised through this placement are expected to support the company’s ongoing business activities and strategic initiatives.
**Why this matters**
This capital injection strengthens Shanghai REFIRE’s financial position and provides additional resources for growth. The share placement also reflects investor confidence in the company’s prospects within the real estate sector.
Source: NewsData