NEW RAY MEDIC is offering a placement at a discount of 8.16% to raise HKD 7.5 million

NEW RAY MEDIC (06108.HK) announced the placement of up to 33.432 million new shares, equivalent to 16.66% of the enlarged share capital; the placement price is HKD 0.225, representing a discount of 8.16% compared to the closing price on the last trading day (5 days). The total fundraising amount is HKD 7.5 million, with a net amount of HKD 7.4 million intended for the acquisition of additional distribution rights for the group's core business