Capital Sector Financial Holdings (00204) issued an announcement. On January 25, 2024, the company signed a placement agreement with the placement agent. According to the placement agreement, the placement agent agreed to do its best to place up to 144 million new shares to no less than six independent undertakers for and on behalf of the company at a price of HK$0.65 per share.
The maximum number of shares placed was 144 million shares, accounting for approximately 19.98% of the Company's total issued share capital of 721 million shares as of the date of this announcement, and approximately 16.65% of the Company's total issued share capital expanded through placement matters. The net proceeds from the placement are approximately HK$92.5 million (assuming that the placement shares are known and all related expenses have been deducted) and will be used as future investment opportunities that may be sought from time to time, repayment of loans, and general working capital of the Group.