OCI INTL plans to issue shares at a discount of approximately 18.84%, aiming to raise a maximum net amount of about HKD 83.3721 million
OCI INTL plans to place up to approximately 300 million shares at HKD 0.28 per share through placement agents to at least 6 subscribers on July 11, 2025, at a discount of about 18.84%. The expected maximum net fundraising is approximately HKD 83.3721 million, of which 70% will be used for company investments, 10% for expanding the wine and beverage business, and 20% as general working capital
According to the Zhitong Finance APP, Dongjian International (00329) announced that on July 11, 2025, the company plans to place up to approximately 300 million placement shares through a placement agent to no fewer than 6 subscribers, with each placement share priced at HKD 0.28, representing a discount of approximately 18.84% compared to the closing price of HKD 0.345 per share on July 11, 2025.
Assuming the maximum number of placement shares is allocated, the maximum net proceeds would be approximately HKD 83.3721 million. 70% will be used for investments authorized by the company in the general business process of the group when opportunities arise, including but not limited to investments as anchor investors or strategic investors prior to the company's initial public offering, and to enhance financing for asset management business; 10% will be used to expand the group's wine and beverage business; and the remaining 20% will be used as general working capital for the group, including employee costs, professional fees, rent payments, and other general administrative and operational expenses
