topstandardcorp (08510) announced that on October 25, 2024, the company...
According to the information from the Zhitong Financial APP, topstandardcorp (08510) announced that on October 25, 2024, the company plans to issue a total of 33.1776 million shares to the subscriber Mr. Hng Bok Chuan, equivalent to approximately 20.0% of the company's issued share capital as of the date of this announcement.
The subscription price is set at HK$0.100 per share, representing a premium of approximately 38.9% over the closing price of HK$0.072 per share on October 25. The proceeds from the subscription will amount to 3.318 million Hong Kong dollars. The company intends to use the proceeds from the subscription for the general operating funds of the group.
