According to Zhitong Finance App, Beijing Finance International (01468) announced that all the prerequisites contained in the placement agreement (as amended and supplemented by the supplementary placement agreement) have been met, and the placement matters were completed on April 26, 2024 in accordance with the terms and conditions of the placement agreement (as amended and supplemented by the supplementary placement agreement). A total of 1,526 billion placed shares (accounting for about 16.67% of the Company's issued share capital immediately after completion on the date of this announcement) have been successfully placed at an placement price of HK$0.060 per placed share to no less than six undertakers.
The net proceeds from the placement were approximately HK$89.6 million. The company intends to use the net proceeds from the placement to repay debts.