Summary by Moomoo AI
ASIAN CITRUS Holdings Limited announced a change in the use of the unutilized portion of the net proceeds from the rights issue. The approximately HKD 1.6 million originally planned for new personnel hiring will be redirected to general operating funds, expected to be fully utilized by June 30, 2025.After careful consideration, the Board of Directors believes that, given the current staff is sufficient to support operations, there is currently no need to hire additional personnel. Therefore, reallocating the unutilized proceeds can strengthen the overall operating capital of the group without causing significant adverse effects on the existing Business. This decision aligns with the overall best interests of the company and its Shareholders.As of the announcement date, the company has utilized approximately...Show More