ZALL SMARTCOM plans to issue 1.2 billion shares at a discount of approximately 10.34%, raising about HKD 311.7 million
ZALL SMARTCOM plans to allocate and issue 1.2 billion shares to Zall Holdings on January 27, 2025, at an issue price of HKD 0.26 per share, representing a discount of approximately 10.34% compared to the closing price on January 24. The total amount of funds expected to be raised is HKD 312 million, with a net amount of approximately HKD 311.7 million, mainly for repaying the group's debts
According to the announcement from ZALL SMARTCOM (02098), on January 27, 2025, the company plans to allocate and issue 1.2 billion shares to Zall Holdings, accounting for approximately 8.82% of the total issued share capital after the allocation and issuance. The subscription price for each share is HKD 0.26, which represents a discount of about 10.34% compared to the closing price of HKD 0.290 per share on January 24.
The total amount expected to be raised from the subscription is HKD 312 million. The net proceeds from the subscription are expected to be approximately HKD 311.7 million. The company intends to use the net proceeds primarily for repaying the group's debts
