CMON (01792) announced that on April 13, 2024, the company signed a subscription agreement A with subscriber A Jianhai Xinyu Group Co., Ltd. According to this, subscriber A has conditionally agreed to subscribe, and the company has agreed to allocate and issue a total of 181 million subscribed shares. The subscription price is HK$0.030 per subscription share.
On the same day, the company signed a subscription agreement B with subscriber B Manachi Investment Co., Ltd. According to this, subscriber B has agreed to subscribe, and the company has already agreed to allocate and issue a total of 181 million subscribed shares. The subscription price is HK$0.030 per subscription share.
The subscription price of HK$0.030 per share was discounted by approximately 11.76% from the closing price of HK$0.034 per share reported on the Stock Exchange on April 12, 2024 (i.e. the most recent trading day immediately before the date of the subscription agreement). The total net proceeds from the subscription were approximately HK$10.4 million, equivalent to a net issue price of approximately HK$0.029 per subscription share.