On July 19, 2024, Heng Tai (00197) announced that the company had entered into a placement agreement with the placement agent. The company has agreed to use its best efforts to issue a maximum of 21 million placement shares to no less than six placing agents at a price of HKD 0.233 per share. The placed shares will account for approximately 11.76% of the enlarged share capital. The placement price is approximately 3.32% lower than the closing price of HKD 0.241 per share on the Stock Exchange on the day of the placement agreement.
Heng Tai (00197) announced that on July 19, 2024, the company entered into a placement agreement with a placement agent. The company has conditionally agreed to use its best efforts to issue up to 21 million placement shares to no less than six placing agents at a price of HKD 0.233 per share, accounting for approximately 11.76% of the enlarged share capital. The placement price is approximately 3.32% lower than the closing price of HKD 0.241 per share on the Stock Exchange on the day of the placement agreement.
The placement will raise up to approximately HKD 4.6 million in net proceeds for general working capital purposes of the Group.