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中国碳中和(01372)拟折让约13.73%发行合共1.0716亿股认购股份

c carbonneutral (01372) plans to issue a total of 0.10716 billion subscription shares at a discount of approximately 13.73%.

Zhitong Finance ·  Dec 4 17:55

China carbonneutral (01372) announced that on December 4, 2024, the company (as the issuer) entered into six independent subscription agreements with six subscribers to subscribe for a total of 0.10716 billion subscription shares at a subscription price of HKD 0.22 per share.

According to Zhitong Finance APP, China carbonneutral (01372) announced that on December 4, 2024, the company (as the issuer) signed six independent subscription agreements with six subscribers to subscribe for a total of 0.10716 billion subscription shares at a subscription price of HKD 0.22 per share.

The subscription price represents a discount of approximately 13.73% compared to the closing price of HKD 0.255 per share on December 4, 2024, and the subscribed shares account for about 16.67% of the expanded issued share capital of the company.

The group is actively developing its global carbon neutrality business. To expand the scale of the business, the company should increase the size of its funds to enhance the group’s profitability and development capabilities. After researching the feasibility of various fundraising activities, the company believes that the subscription will not generate interest costs or other expenses; the subscription will ensure that the company can obtain a certain amount of funds in a short time; and issuing new shares for cash consideration will improve the company's financial condition, such as increasing liquidity, lowering the debt-to-asset ratio, and enhancing overall risk resistance. Additionally, the subscription price and quantity are determined based on the current and recent market prices and trading volumes of the shares. The board of directors believes that the subscription agreement is made under normal commercial terms, is fair and reasonable, and is in the overall interest of the company and its shareholders.

The total amount of funds raised from the subscription will be HKD 23.5752 million. The net proceeds of the subscription (after deducting all costs and expenses of the subscription) will be approximately HKD 23.575 million, with a net issue price of HKD 0.22 per subscription share. The group intends to use the proceeds from the subscription for general working capital; to repay the group’s debts and improve the group’s financial condition; and to invest in new development businesses related to new energy fund and wind power.

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