Gelonghui July 10th 丨Minfu International (08511.HK) announced that at 4:00 p.m. on July 3, 2023 (Monday) at 4:00 p.m. (that is, the final acceptance deadline), it has received a total of 8 valid admissions and applications involving a total of 19,893,183 shareholding shares, accounting for approximately 8.29% of the total number of offered shares sold under the share offering.
As of the date of recording, there were no unqualified shareholders, so there were no unsold shares by unqualified shareholders. According to the results of the above valid admissions and applications, the total number of unpurchased shares covered by compensation arrangements under section 10.31 (1) of the GEM listing rules will be 220,106,817 shared shares. Therefore, according to section 10.31 (1) (b) of the GEM listing rules, the company has made compensation arrangements and concluded an placement agreement with the placement agent. According to this, the company is conditionally appointed the placement agent, and the placement agent conditionally agrees to act as the company's placement agent to do everything possible to induce the underwriter to subscribe for the unpurchased shares in accordance with the terms of the placement agreement. The placement is expected to begin on July 11, 2023 (Tuesday) and end at 6:00 p.m. on July 21, 2023 (Friday).
The company will not issue any unpurchased shares not placed under the placement, and the size of the offering will be reduced accordingly. The announcement of the expected stock offering results (including placement results and net proceeds (if any)) will be published on the stock exchange and the company website on August 1, 2023 (Tuesday).