Summary by Moomoo AI
After the trading period of 30 May 2024, China Key Longevity Sciences Group Limited has entered into subscription agreements with three subscribers, conditionally agreeing to issue and issue a total of 91,088,258 new shares priced at HK$0.215 per share. The acquisition will expand the Company's issued share capital by approximately 16.67% to raise a total of approximately HK$19,584,000, net of related expenses of approximately HK$19,384,000. 60% OF THE NET PROCEEDS WILL BE USED TO EXPAND THE LONGEVITY SCIENCE BUSINESS AND NEW BIOMEDICAL PRODUCT TRADING BUSINESS, WHILE THE REMAINING 40% WILL BE USED FOR GENERAL WORKING CAPITAL. The subscription price was approximately 5.62% off the average closing price over the last five trading days, and a premium of 0.47% over the closing price on the day of the subscription agreement. Subscription completion is subject to certain conditions, including approval by the Listing Committee of the Exchange of Exchange for the subscription and sale of shares. If the conditions are not met, the subscription will be terminated. Shareholders and potential investors should act with caution.