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Gibo Holdings shares drop 52.94% in premarket after completing $6.8M stock issuance to pay off subsidiary debt.
ByAinvest
Thursday, Jul 10, 2025 4:28 am ET1min read
Gibo Holdings Limited plunged 52.94% in premarket trading, following the company's announcement of a $6.8 million common stock issuance to pay off debt for its subsidiary Hong Kong Daily Group, with no cash proceeds received.
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