Yimingangke-B (01541) announced on November 21, 2024 that the company entered into a placement agreement with the placing agent. The company has agreed to appoint the placing agent, who has agreed to act as the company's exclusive placing agent, and use best efforts to ensure that subscribers subscribe for a total of 33.15 million new H shares at a placement price of HK$7.05 per share as stipulated in the placement agreement and subject to the terms and conditions set out therein.
The placement shares account for approximately 8.14% of the company's issued share capital after the issuance and placement of placement shares (assuming that apart from the issuance and placement of placement shares, the company's issued share capital has not changed from the date of this announcement to the delivery date). The placement price of HK$7.05 per share represents a discount of approximately 16.27% to the closing market price of H shares on the Stock Exchange on November 20 at HK$8.42 per share.
After deducting placement fees (assuming all discretionary expenses have been paid) and other related costs and expenses of the placement, the estimated net proceeds received by the company from the placement amount to approximately HK$0.23 billion, equivalent to a net placement price of approximately HK$6.93 per share.
