On December 16, Gelonghui reported that ENVISION GREEN announced today that after the market closes on December 16, 2024, the company has entered into subscription agreements with subscriber CMB International Global Products Limited (with the ultimate beneficial owner being CM BANK) and Vision Capital Limited to subscribe for 8,220,000 shares and 13,333,000 shares at a price of HKD 6.00 per share, totaling 21,553,000 shares. This subscription price is 14.53% lower than the closing price of HKD 7.02 per share on that day, demonstrating the company's attractiveness to investors and confidence in future development. The subscribed shares account for approximately 1.61% of the total issued shares as of the announcement date, and approximately 1.58% of the total shares outstanding after the allocation and issuance of the subscribed shares. It is expected that the total proceeds from the subscription will be approximately HKD 0.1293 billion, with a net amount of about HKD 0.1292 billion. These funds will be used for Eco-friendly Concept park projects, renovations, maintenance, reconstruction, and extension projects, as well as general working capital.
This share placement is an important capital operation measure for ENVISION GREEN. It can not only bring new funding to the company, enhancing its financial strength, but also contribute to the company's further development and expansion in the Eco-friendly Concept and Energy sectors. The funds raised through the share placement will enable the company to increase investment in Eco-friendly Concept park projects and promote the progress of renovations, maintenance, reconstruction, and extension projects, all of which are key factors for the company's long-term development. At the same time, the injection of funds from the share placement will also provide more liquidity for the company's general operations, enhancing the company's market competitiveness and ability to respond to market changes.
Furthermore, share placements are often seen as a reflection of the company's confidence in its development, capable of conveying positive signals to the market and attracting more investors' attention and investment. For existing Shareholders, the share placement provides an opportunity to increase their shareholding at a price lower than the market price, potentially obtaining higher returns when the company's value appreciates in the future.
