Gelonghui, May 13, 丨 Guangdong Harbour Holdings (01396.HK) announced that on May 13, 2024, the company signed separate subscription agreements with each subscriber. According to this, the company has conditionally agreed to distribute and issue to each subscriber, and each subscriber has conditionally agreed to subscribe for a total of 89 million subscription shares at a subscription price of HK$0.085 per subscribed share.
The subscription price of HK$0.085 per subscription share is about 3.4% off from the closing price of HK$0.088 per share as reported on the date of the subscription agreement (May 13); the subscribed shares account for about 16.40% of the company's expanded issued share capital after allocating and issuing the subscribed shares, subject to completion of the subscription (assuming that there will be no other change in the issued share capital of the company between the announcement date and the completion date). The net proceeds from the subscription will be approximately HK$7.065 million after deducting the relevant professional expenses and all related expenses to be borne by the company in accordance with the subscription matter. The Company intends to use the net proceeds as the Group's general working capital.