---
title: "Oriental Pay Group Holdings plans to place up to 37.15 million placement shares at a premium of approximately 64.06%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/222551854.md"
description: "ORIENTAL PAY plans to place up to 37.15 million shares at a price of HKD 0.21 per share, representing a premium of approximately 64.06%. This placement will account for about 1.96% of the company's issued share capital. The total amount expected to be raised from the placement is approximately HKD 7.8 million, with a net amount of about HKD 7.7 million, primarily used to repay part of the existing debt, with the remainder allocated for general working capital"
datetime: "2024-12-17T11:54:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/222551854.md)
  - [en](https://longbridge.com/en/news/222551854.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/222551854.md)
generator: "portal-rs"
---

# Oriental Pay Group Holdings plans to place up to 37.15 million placement shares at a premium of approximately 64.06%

According to the Zhitong Finance APP, ORIENTAL PAY (08613) announced that on December 17, 2024, the company entered into a placement agreement with the placing agent, agreeing to place up to 37.15 million placement shares to no fewer than six placees on a best-efforts basis, with a placement price of HKD 0.21 per placement share. The company will allocate and issue the placement shares to the placees under the general mandate.

As of the date of this announcement, the company has issued a total of 1.898 billion shares. Assuming that the total issued share capital of the company remains unchanged from the date of this announcement to the completion date and that all 37.15 million placement shares are successfully placed, the placement shares will account for approximately 1.96% of the total issued share capital of the company as of the date of this announcement, and approximately 1.92% of the enlarged total issued share capital of the company immediately after the placement shares are allocated and issued. The placement price of HKD 0.21 per placement share represents a premium of approximately 64.06% over the closing price of HKD 0.128 per share on December 17.

Assuming all 37.15 million placement shares are successfully placed, the total amount raised from the placement is approximately HKD 7.8 million, while the net proceeds from the placement are estimated to be approximately HKD 7.7 million (after deducting the estimated expenses of the placement). The company intends to use the net proceeds from the placement primarily to repay part of the group's existing debts. If any portion of the net proceeds is not used for this purpose, it will be used for the group's general working capital

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**