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... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...