BEXCELLENT GP plans to issue 25.38 million shares at a premium of approximately 20.48%, netting about HKD 12.57 million
BEXCELLENT GP plans to allocate 25.38 million subscription shares to Dong Baiyou on August 18, 2025, with a subscription price of HKD 0.50 per share, representing a premium of approximately 20.48% over the closing price. The expected net fundraising is about HKD 12.57 million, and the funds will be used to enhance the infrastructure of the teaching center, recruit high-level teaching staff, brand promotion, and daily operational support
According to the announcement from BEXCELLENT GP (01775), on August 18, 2025, the company plans to allocate and issue a total of 25.38 million subscription shares to subscriber TUNG, Po-yu, which represents approximately 4.76% of the total issued shares after the allocation and issuance of subscription shares. The subscription price is HKD 0.50 per subscription share, which is a premium of approximately 20.48% compared to the closing price of HKD 0.415 per share on August 18.
The net proceeds from the issuance of subscription shares are estimated to be approximately HKD 12.57 million. The company intends to use the net proceeds from the subscription to support the following group growth and operational improvements: 30% for enhancing the infrastructure and technology of teaching centers, and introducing advanced solutions such as artificial intelligence tools and systems to upgrade learning platforms, assessment tools, and management systems; 30% for conducting training and development programs by recruiting high-level teaching professionals and experts, focusing on the application of innovative teaching methods to strengthen and expand the teaching team; 10% for promoting brand development and awareness through advertising and promotional activities; and 30% as working capital to support daily operations
