According to Zhitong Finance App News, Jiayi Holdings (01025) issued an announcement. On May 23, 2024 (after the trading period), the company (as issuer) signed a subscription agreement with the subscriber China Agricultural Innovation Port Cross-border E-commerce Industrial Park Co., Ltd. Based on this, the subscriber agreed to subscribe and the company agreed to allocate and issue a total of 168 million subscription shares. Assuming that the company's issued share capital remains unchanged from the date of this announcement to the date of completion, subscribed shares are equivalent to (i) approximately 20.00% of the company's existing issued share capital at the date of this announcement; and (ii) approximately 16.67% of the company's issued share capital expanded through allotment and issuance of subscribed shares.
The subscription price is HK$0.1 per subscription share, a premium of approximately 38.89% over (i) the closing price of the shares reported on the Stock Exchange on May 23, 2024 (the date of the subscription agreement) of HK$0.072 per share.
Assuming that all of the subscribed shares are subscribed, the total amount of proceeds from the subscription is expected to be approximately HK$16.8 million. It is estimated that the net proceeds from the subscription (after deducting all related expenses) will be approximately HK$16.7 million, or the net price is approximately HK$0.099 per subscribed share. The Company intends to use the net proceeds as the Group's general working capital.