Summary by Moomoo AI
Heritage Education Group Limited (the “Company”) announces plans to raise funds through the issuance of new shares under general authorization with a target funding size of HK$300,000 with a proposed distribution price range of HK$1.20 to HK$1.30 million. The Company is considering the appointment of a distribution agent and will enter into an agreement with them once the terms are determined. The funds raised will be used to support the potential expansion of the Group's core business, including financial and investment education courses and private secondary education services, as well as working capital and general corporate purposes. As of the date of publication, no binding agreement has yet been established on the proposed allotment and may or may not take place. The Company will make further announcements in accordance with the GEM Listing Rules at the appropriate time.