The Zhitong Finance App learned that Marco Digital Technology (01942) fell by more than 8%. As of press release, it was down 7.09% to HK$1.31, with a turnover of HK$375.948 million.
According to the news, Marco Digital Technology announced that on January 24, the company and the placement agent signed a placement agreement to place up to 129 million shares to no less than six undertakers, which is equivalent to about 16.67% of the expanded share capital. Each share was priced at HK$1.14, a discount of approximately 19.15% from the closing price on January 24. The net proceeds are estimated to be approximately HK$146 million.
The Company intends to use the net proceeds to repay part of the Group's existing debts, and if no portion of the net proceeds is used for this purpose, it intends to use such proceeds for general working capital and/or any investment opportunities in businesses related to digital payment solutions.