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expansion of production lines means product demand increase.... as long as PP not for paying debt then should be ok... furthermore RGT is net cash company... just my 2 cents
private placement to expand production line.. because current demand and orderbook is high so need to catch up with production. private placement is used to raise cash for such expansion. is a good thing. ability to get private placement also show confidence towards business prospect. usually private placement is better than bank loan is better than right issue (asking money from shareholders)