Tech firm to raise £29m as losses widen

DJI Holdings, the Knutsford company which promotes and distributes Chinese sports and welfare lottery products, has announced a placing to raise £29m on the same day it reported a widening of losses to £10.7m.

Revenue dropped to £5.5min 2015, down from £47.5m in the previous year, whilst the group's pretax loss widened to £10.7m from £4m after its  Chinese lottery-handling income dried up last year, following a state freeze on online sales.

Valued at around £200m, despite the revenue dip, DJI is now us... For the full story register now for free or login below...