Gelonghui, January 24, 丨 Marco Digital Technology (01942.HK) announced that on January 24, 2024, the company and the placement agent had entered into a placement agreement. According to this, the company agreed to place a maximum of 129,366,561 shares at the placement price of HK$1.14 per share through the placement agent on a best-effort basis to no less than six undertakers. Placed shares will be allotted and issued by the company to the transferee in accordance with a general mandate. The placement price of HK$1.14 per share was discounted by approximately 19.15% compared to the closing price of HK$1.41 per share reported on the Stock Exchange on the date of the placement agreement; and the placement of shares is equivalent to approximately 16.67% of the total issued share capital of the company after the allocation and expansion of the placement shares was extended immediately after completion. The net proceeds from the placement are estimated to be approximately HK$146 million.
The Company intends to use the net proceeds to repay part of the Group's existing liabilities, and if no portion of the net proceeds is used for this purpose, it intends to use such proceeds for the Group's general working capital and/or any investment opportunities for the Group's digital payment solutions-related business from time to time.