WING CHI HLDGS plans to issue up to 186.6 million placement shares at a discount of approximately 15.84%, raising about HKD 15.2 million net
WING CHI HLDGS announced plans to place up to 186.6 million shares at a price of HKD 0.085 per share, representing a discount of approximately 15.84%. This placement accounts for 16.66% of the enlarged issued share capital, with expected net fundraising of approximately HKD 15.2 million, which will be used for working capital and future business opportunities
According to the announcement from WING CHI HLDGS (06080), on August 28, 2025 (after trading hours), the company entered into a placement agreement with the placement agent. The company conditionally agreed to place up to 186.6 million placement shares at a price of HKD 0.085 per share to no fewer than six independent placees through the placement agent. The placement shares represent approximately 16.66% of the enlarged issued share capital, and the placement price of HKD 0.085 per share is a discount of about 15.84% compared to the closing price of HKD 0.1012 per share on August 28, 2025.
Assuming the placement agent successfully places all the placement shares, the maximum total proceeds from the placement will be approximately HKD 15.9 million. The maximum net proceeds from the placement will be approximately HKD 15.2 million, which will be used for working capital and future business opportunities
