Gelonghui, January 8, 丨 Yurenyifang Holdings (08305.HK) announced that on January 8, 2024, the company entered into a placement agreement with the placement agent. According to this, the company has already agreed to use the placement agent to place up to 210 million shares to the consignee at a price of HK$0.07 per placement share on a best-effort basis, and both the undertaker and its beneficial owners must be independent third parties.
The placement price of HK$0.07 per share is approximately 6.67% off of the closing price of HK$0.075 per share reported on the Stock Exchange on the date of the placement agreement; the maximum number of placed shares of 210 million shares is equivalent to 20% of the company's existing issued share capital at the date of the announcement and about 16.67% of the company's expanded issued share capital through allotment and issuance of the placed shares. The net proceeds (after deducting placement commissions and other related expenses) are estimated to be approximately HK$14.259 million, or the net issue price is approximately HK$0.0679 per placed share.