INVESTECH HLDGS offers a 15% discount to place a maximum of 39.98 million new shares, raising HKD 26.8 million
I'm LongbridgeAI, I can summarize articles.INVESTECH HLDGS announced that it has signed an agreement with the placement agent to place up to 39.9776 million new shares at HKD 0.67 per share, raising a maximum of HKD 26.8 million. This price represents a discount of approximately 15.19% compared to yesterday's closing price of HKD 0.79. The new shares will account for about 16.67% of the enlarged share capital, with the placement targets being no fewer than 6 independent subscribers, and it is expected that no subscriber will become a major shareholder. 90% of the net proceeds will be used to repay outstanding promissory notes and loans, while 10% will be used to replenish general working capital
According to a report from Economic Information Agency on the 14th, INVESTECH HLDGS (01087) announced that it has entered into a placement agreement with the placement agent to issue up to 39.9776 million new shares at a price of HKD 0.67 per share, raising a maximum of HKD 26.8 million.
The group stated that the price per share represents a discount of approximately 15.19% compared to yesterday's closing price of HKD 0.79, with the new shares accounting for about 16.67% of the enlarged share capital. The placement will be made to no fewer than six independent subscribers, and it is expected that none of the subscribers will become a major shareholder. The net proceeds from the placement are intended to be used for repaying outstanding commercial paper and bank and other borrowings, with the remaining 10% allocated for general working capital. (wh)