WAC HOLDINGS (08619) announced that on December 29, 2023, the company...
According to the Zhitong Finance App, WAC HOLDINGS (08619) announced that on December 29, 2023, the company entered into a placement agreement with the placement agent. The placement agent agreed to do its best to place 108.8 million shares at the placement price of HK$0.1871 per share to no less than six undertakers in accordance with the terms and conditions contained in the placement agreement.
Assuming that there is no change in the company's issued share capital between the date of this announcement and the date of completion, the placed shares are equivalent to about 9.45% of the total number of issued shares currently issued on the date of this announcement; and about 8.64% of the total number of issued shares expanded through the total allocation and issuance of the placed shares. The total face value of the maximum number of shares to be placed under the placement will be HK$1,088,800. The placement price was discounted by approximately 19.35% from the closing price of HK$0.2320 per share as reported on the Stock Exchange on December 29, 2023.
Assuming that the maximum number of shares to be placed according to the placement of the placement of 108.8 million shares, the net proceeds to be collected by the company would be approximately HK$2012 million. The company plans to use the net proceeds of approximately HK$2012 million as working capital and for the development of new business segments.