ALCO HOLDINGS (00328) surged more than 17%. As of press release, it rose 17.99% to HK$3.28, with a turnover of HK$22.15 million.
The Zhitong Finance App learned that ALCO HOLDINGS (00328) surged more than 17%. As of press release, it had risen 17.99% to HK$3.28, with a turnover of HK$22.15 million.
According to the news, ALCO HOLDINGS recently announced that on February 19, 2024, the company plans to place out a maximum of 15.91 million shares to the grantor through an placement agent, accounting for about 16.67% of the expanded share capital and HK$1.96 per share, a discount of about 4.85% from the closing price of HK$2.06 per share reported on the Stock Exchange on February 19, 2024.
Assuming that up to 15.91 million shares of the placed shares have all been placed, the net raise is approximately HK$30.54 million, which is intended to be used to repay bank and other loans, settle external debts, and the Group's general working capital.