Rende Resources (08125) announced that on December 13, 2023, all 62,334 million shares will not be won...
According to the Zhitong Finance App, Rende Resources (08125) announced that on December 13, 2023, all 62,334 million unsubscribed shares have been placed by placement agents to no less than six independent contractors at a price of HK$0.23 per share. After all reasonable inquiries have been made, to the best knowledge, knowledge and satisfaction of the directors, all of the undertakers (or their ultimate beneficial owners) are independent third parties and none became major shareholders immediately following the placement. Since the placement price is equal to the subscription price, no net income will be distributed to non-acting shareholders.
Since all conditions relating to the stock offering have been fulfilled, the stock offering has become unconditional, and 157 million stock offering shares (accounting for 100% of the total number of shares offered under the stock offering) will be distributed and issued. The net proceeds raised from stock offerings (including placements) are approximately HK$35 million. The company plans to use the net proceeds from the stock offering of HK$20 million to develop and expand its securities business; HK$10 million as working capital for engineering business and leasing business; and HK$5 million for general corporate and administrative expenses.