Gelonghui, April 8, 丨 Heng Tai (00197.HK) announced that after certain conditions are met, the board of directors proposed that, after certain conditions are met, the shares will be offered on the basis that one (1) share offering was issued for every two (2) shares held on the record date. The subscription price was HK$0.350 per share to raise a total proceeds of approximately HK$18.4 million (before deducting expenses) (assuming there was no change in the number of shares issued on or before the record date). The share offering is for eligible shareholders only, and there will be no participation by unqualified shareholders.
If fully subscribed, the estimated net proceeds from the offering are estimated to be approximately HK$17.4 million after deducting all necessary expenses (assuming no change in the number of shares issued on or before the record date). Once the share offering conditions are met, the share offering will be carried out on a non-underwriting basis, regardless of the degree of acceptance of the provisional allotment of shares.