Summary by Moomoo AI
Capital realm signed a placement agreement with Ding Shi Securities Limited and Rui Sen Gang Tong Securities Limited on October 23, 2024, planning to place up to 0.17294 billion new shares to no less than six independent placing agents at a price of HK$0.237 per share, equivalent to approximately 20% of the company's issued share capital. The placement is subject to approval by the Listing Committee of the Stock Exchange of Hong Kong and will not proceed if not approved by November 12, 2024. Upon completion of the placement, it is expected to raise a net amount of approximately HK$39.8 million, which will be used for future investment opportunities, repayment of loans, and general operating funds. The placement price carries a premium of approximately 7.73% over the closing price of the day and a discount of about 19.93% over the average closing price of the previous five trading days. The placed shares will have the same status as the company's existing shares.
