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DJI Holdings To Raise 29 Million

Monday July 4th : 2016 : DJI HOLDINGS TO RAISE GBP 29 MILLION IN NEW CAPITAL
 
Struggling Chinese-facing online lottery provider announces a conditional placement of 30.5 million shares.
 
Following closely on a set of troubling performance results , the UK-based but Chinese-facing online lottery company DJI Holdings has announced a conditional placing of 30.5 million new ordinary shares with the goal of raising GBP 29 million in fresh capital.
 
The company said in an announcement that the funds raised will enable it to “progress a number of major strategic opportunities under discussion, with the potential to develop significant new revenues and create substantial shareholder value.”
 
“In addition to strengthening our balance sheet, as a growing listed company we recognise the importance of high quality institutional investors in our shareholder base. We are therefore pleased to be securing additional funding from a number of such institutions, which we believe will enable the Group to conclude discussions for deals of major significance with some of China’s largest organisations, with the potential to enhance shareholder value substantially,” said Darren Mercer, chief executive officer of DJI Holdings.
 
DJI had previously revealed an annual after-tax loss that widened last year to GBP 11.4 million from a loss of GBP 3.6 million the preceding year, attributing the difficult Chinese operating climate to the governments crackdown on spending and corruption, and the slowing Chinese economy.
 
The company is also considering diversification strategies.



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MPN Poker Tour Bratislava Day 1B - Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today

MPN Poker Tour Bratislava Day 1A - The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.

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