Gaoke Shares (01676) announced that after trading hours on July 24, 2024, the placement agent entered into a placement agreement with the company...
Gaoke Shares (01676) announced that after trading hours on July 24, 2024, the placement agent and the company entered into a placement agreement. Accordingly, the placement agent conditionally agreed to act as the company's placement agent and used its best efforts to prompt the company to place a maximum of 11.5 million shares at a placement price of HKD1.40 per share to no less than six placees (who are independent third parties and their ultimate beneficial owners), subject to the terms and conditions of the placement agreement. The placement price of HKD1.40 per share represents a discount of approximately 1.41% to the closing price of HKD1.42 per share as stated in the Stock Exchange's announcement on the last trading day.
Assuming that all of the placing shares are placed, the estimated net proceeds from the placing will be approximately HKD15.7 million, with a net placing price of approximately HKD1.37 per placing share. The director proposes to use the net proceeds from the placing as general working capital of the Group.