Wanlida (08482) issued an announcement that all the prerequisites contained in the placement agreement have been met, and the placement matters have been completed (...
According to the Zhitong Finance App, Wanlida (08482) announced that all the prerequisites contained in the placement agreement have been met, and that the completed placement (completion) was implemented on November 16, 2023 in accordance with the terms and conditions of the placement agreement. A total of 145 million placed shares (equivalent to approximately 11.62% of the company's issued share capital at the date of this announcement immediately after completion) have been successfully placed at the placement price of HK$0.100 per share to no less than six contractors.
The net proceeds from the placement was approximately HK$1,4048 million. The net issue price for each placed share was approximately HK$0.969. The Company intends to use the net proceeds from the placement to supplement the Group's working capital and develop the Group's business.