On 1 September 2021, the Company has conditionally agreed to place up to HK$0.103 per placing share at a placing price of HK$0.103 per placing share to no less than six placement parties, representing approximately 16.67% of the expanded share capital, to no less than six placement agents at a placing price of HK$0.103 per placing share, representing approximately 16.67% of the expanded share capital, and the placing price of HK$0.103 per placing share is about 19.53% lower than the closing price on 1 September 2021.
Assuming that all the Placing Shares are informed of the Digital Placing, with a net proceed of approximately HK$5.2 million, it is proposed that the net proceeds from the Placing will be used to repay part of the Group's loans and accrued interest of approximately HK$1 million. The net proceeds from the remaining Placings will be used as the Group's general working capital.
This article originated from Zhitong Finance Network
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