Flying Fin (08030) announced that, as of 6:00 PM on Friday, July 26, 2024, (...)
Flying Fin (08030) announced that, as of the final deadline for agents to offer unsold shares for allotment, which was 6:00 PM on Friday, July 26, 2024, 0.101 billion shares of unsold shares were allotted by agents to 8 independent placing participants at a price of HKD 0.25 per share. After conducting all necessary and reasonable enquiries, the directors are satisfied that all placing participants (or their ultimate beneficial owners) are independent third parties and that no placing participant will become a substantial shareholder immediately after the compensation arrangements. As the placing price is equal to the subscription price, no net proceeds will be distributed to inactive or ineligible shareholders.
After the compensation arrangements were completed, there were no unsold shares available for allotment.
As all the conditions relating to the rights issue have been satisfied, the rights issue has become unconditional. A total of 0.254 billion shares of the rights issue (representing 100% of the shares of the rights issue) will be allotted and issued. The gross and net proceeds from the rights issue (including compensation arrangements) are expected to be approximately HKD 63.6 million and HKD 60.3 million, respectively.
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