SUPER STRONG (08262) announced that on December 31, 2024, the company plans to offer subscriptions to investors (Lyu Yujian first...
According to the announcement from SUPER STRONG (08262) on October 31, 2024, the company plans to issue and allocate a total of 0.127 billion shares to the subscriber (Mr. Lyu Yujian), which represents about 16.0% of the company's issued share capital as of the date of this announcement; and about 13.8% of the company's expanded issued share capital. The subscription price is HKD 0.019 per share, which is approximately a 17.4% discount to the closing price of HKD 0.023 per share on December 31.
The total proceeds from the subscription will be approximately HKD 2.4 million, while the estimated net proceeds from the subscription are about HKD 2.3 million. The company intends to use the entire net proceeds from the subscription for the group's general working capital.
