Hengxin Technology (01085) issued an announcement. On April 23, 2024, the company plans to sell a maximum total of 7760...
According to the Zhitong Finance App, Hengxin Technology (01085) announced that on April 23, 2024, the company plans to place a maximum total of 77.6 million shares, which is equivalent to about 16.67% of the number of issued shares of the expanded company. The placement price was HK$0.96 per share, a discount of approximately 17.24% from the closing price of HK$1.16 on April 23.
After completion of the placement (and assuming that all 77.6 million shares are subscribed), the total proceeds and net proceeds from the placement are estimated to be approximately HK$74.5 million and approximately HK$72.6 million, respectively.