Dragon King Group (08493) issued an announcement. On January 30, 2024 (after the trading period), placement agents and public...
According to Zhitong Finance App, Dragon King Group (08493) issued an announcement. On January 30, 2024 (after the trading period), the placement agent entered into a placement agreement with the company. According to this, the company conditionally agreed to use the placement agent to place up to 35.56 million shares to the consignee on a best-effort basis. The placement price of HK$0.257 is approximately 9.36% of the closing price of HK$0.235 per share as reported by the stock on the date of the placement agreement.
As of the date of this announcement, the company had 207 million issued shares. A maximum of 35.56 million shares placed is equivalent to approximately 16.67% of the total number of shares issued at the date of this announcement; and approximately 14.29% of the total number of issued shares expanded through the allocation and issuance of 35.56 million placed shares (assuming that there are no other changes in the company's issued share capital between the date of this announcement and the date of completion).
According to the announcement, the maximum net proceeds from the placement transaction (after deducting placement commissions, professional fees and other costs and expenses related to the placement agent) will be approximately HK$8.52 million.