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DJI to raise £29m to expand technology platform in China

4th July 2016 7:09 am GMT

DJI Holdings is looking to raise approximately £29m through a conditional placing of its shares, which it claims will enable the company to make progress on a number of major strategic opportunities in China.

The company has announced a conditional placing of 30.5m new ordinary shares at a price of 95 pence per share, raising gross proceeds of £29m.

DJI said that the placing significantly strengthens the company's balance sheet, which will [...]

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