51 credit card (02051) announced that before the trading session on October 21, 2024, the company entered into a...
Zhongtong Finance APP news, 51 credit card (02051) announced that before the trading session on October 21, 2024, the company entered into a placing agreement with the placing agent. Accordingly, the company has appointed the placing agent as its agent to encourage no fewer than six placing persons (unless otherwise agreed by the company) to subscribe for up to 0.272 billion shares of placing shares at a placing price of not less than HK$0.146 per share, subject to the terms set out in the placing agreement and subject to the conditions contained therein. The placing price will be determined by the placing agent after consultation with the company on the pricing date in accordance with the manner set out in the placing agreement. The minimum placing price represents a discount of approximately 14.12% to the closing price of HK$0.170 per share reported by the HKEX on October 18, 2024 (i.e., the last trading day).
Assuming all the placing shares are subscribed at the minimum placing price, the total amount of funds raised from the placing would be approximately HK$39.7 million; and the estimated net proceeds from the placing would be approximately HK$38.8 million, that is, the net placing price would be approximately HK$0.143 per share of placing shares.
