Polyfair hldgs (08532) announced that on August 23, 2024, the company plans to sell up to 0.16 billion shares...
According to the financial news app, Polyfair hldgs (08532) announced that on August 23, 2024, the company plans to sell up to 0.16 billion shares, equivalent to approximately 16.67% of the expanded issued share capital after the issuance and sale of the shares. The sale price for each share is 0.04 Hong Kong dollars, representing a premium of approximately 5.26% over the closing price of 0.038 Hong Kong dollars per share on August 23.
Upon completion and assuming all shares are successfully sold through the sales agent, the total expected proceeds from the sale are estimated to be around 6.4 million Hong Kong dollars, with an estimated net amount of approximately 6.3 million Hong Kong dollars. The company plans to use the net proceeds raised from the sale for general operating funds of the group.
