Gelonghui on November 25th | ch castson 81 (00810.HK) announced that on November 25, 2024, the company entered into a placement agreement with the placing agent, conditionally agreeing to place up to 28.284 million shares at a placement price of HK$0.153 per share (a discount of approximately 16.85% from the share price of HK$0.1840 per share reported on the Stock Exchange on the date of the placement agreement), to not less than six placees, equivalent to approximately 20.00% of the company's issued share capital, and after the issuance of the placed shares, equivalent to approximately 16.67% of the enlarged issued share capital.
The estimated total amount and net amount of funds raised from the placement are approximately HK$4,330,000 and approximately HK$4,120,000, respectively. The company plans to use the net proceeds from the placement for general working capital and/or potential investments yet to be identified.
