Summary by Moomoo AI
On November 14, 2024, the capital realm announced that it has completed the placement of up to 172,940,000 new shares under the general mandate. The placement was successfully executed by the placing agent at a price of HKD 0.237 per share, raising approximately HKD 39,800,000 net. The funds will be used to repay part of the group's existing debt, general working capital, and pay for potential investment opportunities. After the placement, the new shares will rank equally with the existing shares. The placers and their ultimate beneficial owners are independent third parties, none of whom will become the company's major shareholders. Following the placement, the company's shareholding structure has changed, with Zhang Hai and his controlled Infinite Apex International Corporation's shareholding ratio decreasing, while the placers collectively hold about 16.67% of the shares.
