Zixin Group plans to raise S$26.57m via share option deal at $0.03 each
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Zixin Group Holdings Limited plans to raise S$26.57 million through a share option deal, issuing up to 889 million new shares at S$0.03 each, subject to shareholder approval. The exercise price is a 4.51% discount to the recent VWAP. The funds will primarily support growth in Hainan and other markets, with 65% allocated for expansion and 35% for working capital. The option period lasts five years, and the deal may be terminated if approvals are not secured.
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