Marco Digital Technology (01942) announced that on January 24, 2024, the company and the placement agent signed a placement agreement. The company agreed to place up to 129 million shares to no less than six undertakers through the placement agent at a placement price of HK$1.14 per share on a best-effort basis.
Assuming that there is no other change in the total issued share capital of the company between the date of this announcement and the date of completion, and that all 129 million placed shares have been successfully placed, the placed shares are equivalent to about 16.67% of the total issued share capital of the company after being expanded through allocation and issuance of placed shares. The placement price of HK$1.14 per share was discounted by approximately 19.15% from the closing price of HK$1.41 per share on January 24.
Assuming that all of the 129 million placed shares are successfully placed, the net proceeds from the placement are estimated to be approximately HK$146 million.