CHINA SAFTOWER plans to issue shares at a discount of 18.6%, with a maximum net fundraising of approximately HKD 3.15 million
CHINA SAFTOWER plans to place a maximum of 31 million shares on October 21, 2025, at a placement price of HKD 0.105 per share, representing a discount of 18.6%. If all shares are successfully placed, it is expected to raise approximately HKD 3.255 million, with a net amount of about HKD 3.15 million, mainly for the group's working capital and to improve its financial condition
According to the announcement from CHINA SAFTOWER (08623), on October 21, 2025, the company plans to place a maximum of 31 million placement shares, equivalent to approximately 16.56% of the company's issued share capital after the placement and issuance of all placement shares. The placement price is HKD 0.105 per placement share, representing an 18.60% discount to the closing price of HKD 0.129 per share on October 21. Assuming all placement shares are fully placed, the total amount raised from the placement will be approximately HKD 3.255 million, with the net proceeds estimated to be around HKD 3.15 million. The company intends to use the net proceeds for general working capital of the group to improve the group's financial position, which will help establish and enhance the group's existing and future businesses
