A Taste of Appreciation (08096) announced that the company has received a total of 5 valid applications and acceptance based on the provisional quota notice, involving a total of 389.531 million offered shares, which is equivalent to about 28.3% of the total number of shares available for subscription under the stock offering. The offering of shares will not result in a fragmented quota of shares offered. According to the subscription results, 98.5469 million shares of the stock offering were not subscribed, which is equivalent to about 71.7% of the total number of shares available for subscription under the stock offering.
At 6:00 p.m. on November 2, 2023 (Thursday) (that is, the final time limit for placement of shares placed by placement agents), a total of 98.5469 million placed shares (equivalent to about 51.2% of the shares issued by the company immediately after the completion of the stock offering) had been successfully placed to no less than 6 contractors at the placement price of HK$0.20 per share (no premium compared to the subscription price). Therefore, the amount of net profit per placed share under the compensation arrangement is zero, no net income has been realized, and shareholders who do not act will not receive any net income.
All conditions relating to the offering and placement of unsubscribed shares contained in the stock offering and placement of unsubscribed shares in the stock offering and placement of unsubscribed shares have become unconditional at 4:00 p.m. on November 3, 2023 (Friday).
According to the subscription results of the stock offering and the placement results of the compensation arrangement, the number of shares to be allotted and issued is 137.5 million shares, which is equivalent to about 100% of the total number of shares available for subscription under the stock offering. The total proceeds raised from stock offerings (including placements) were approximately HK$27.5 million (before deducting expenses).