Guangjun Group Holdings (08516) issued an announcement. On January 2, 2024, the company entered into a placement agreement with the placement agent...
Zhitong Finance App News, Guangjun Group Holdings (08516) issued an announcement. On January 2, 2024, the company entered into a placement agreement with the placement agent. The company conditionally agreed to place up to 22.8 million shares at a placement price of HK$0.10 per share through the placement agent at an placement price of HK$0.10 per share on a wholehearted basis. The placement price was HK$0.10 per share compared to the closing price of HK$0.104 per share reported on the Stock Exchange on the last trading day. Issued share capital agreements for companies that have issued and expanded their placement shares 16.64%
Assuming that the highest number of shares to be placed under the placement agreement, the total proceeds from the placement will be HK$2.28 million, and the net proceeds will be approximately HK$2.1 million (after deducting commissions and other expenses relating to the placement). The directors intend to use the net proceeds from the placement as the general working capital of the Group.