Gelonghui, May 10 | HKE HOLDINGS (01726.HK) issued an announcement. On May 10, 2024, the company signed a placement agreement with the placement agent. The company plans to place up to 30 million placed shares, which is equivalent to about 2.86% of the existing issued share capital; and about 2.78% of the company's issued share capital through allotment and issuance of placed shares to expand. The placement price of each placed share was HK$2.00, a discount of approximately 4.76% from the closing price of HK$2.10 per share reported on the Stock Exchange on the date of the placement agreement.
The net proceeds from the placement will be HK$59.40 million. The company plans to use (i) about 90% of the net proceeds to fund the fintech platform business; and (ii) about 10% of the net proceeds as the Group's general working capital.