Gelonghui, March 21, 丨 Delin Holdings (01709.HK) announced that on March 21, 2024, the company entered into a placement agreement with the placement agent. According to this, the placement agent conditionally agreed to use the placement price of HK$3.50 per share as the company's placement agent to place a maximum total of 100 million new shares to no less than six undertakers according to the best effort basis. Placed shares will be distributed and issued in accordance with a general mandate.
The placement price of HK$3.50 per share is equivalent to a discount of approximately 14.43% on the closing price of HK$4.09 per share as reported on the date of the placement agreement; the maximum number of placed shares is equivalent to approximately 6.44% of the total number of shares issued after all allotments and the issuance and expansion of the placed shares. After deducting placement commissions, professional fees and all related expenses the company may incur, the maximum net proceeds from the placement are estimated to be approximately HK$348 million.