Tesson Plans Discounted Share Placement Backed by Controlling Shareholder
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Tesson Holdings Ltd. plans to place up to 70 million new shares at HK$1.50 each, raising approximately HK$103 million, subject to shareholder approval. The placement, priced at a 33.63% discount, will involve controlling shareholder Double Key subscribing for up to 35 million unsubscribed shares. This structure aims to secure funding while limiting dilution to about 14.63%. Governance measures include an independent board committee and financial adviser, with a circular to be sent to shareholders for a special meeting vote.
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