Sterling GP (01825) announced that all the terms of the placement agreement have been met, and ...
According to the announcement from STERLING GP (01825) on the app of China Finance, all conditions set out in the placement agreement have been fulfilled and it was completed on August 16, 2024. According to the terms and conditions of the placement agreement, the placement agents have placed a combined total of 48 million shares at a placement price of HKD 0.11 per share with no less than six placing agents, which is equal to approximately 16.7% of the enlarged issued share capital of the company after the completion of the placement and the issue of the placement shares. The net proceeds from the placement, after deducting the relevant expenses, are approximately HKD 5.12 million, equivalent to a net issue price of approximately HKD 0.1067 per share, and the company intends to use all the net proceeds as working capital.
After deducting the relevant expenses, the net proceeds from the placement are approximately HKD 5.12 million, equivalent to a net issue price of approximately HKD 0.1067 per share. The company intends to use all the net proceeds as working capital.