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Milan Station (01150) plans to sell up to 176 million shares at a premium of approximately 2.5% with a net equity of approximately HKD 13.7 million raised.
Milan Station (01150) announced that on June 25, 2024 (after the trading session), the company and the placement agent entered into a placement agreement. The placement agent agrees to allocate up to 176 million new shares to no fewer than six independent underwriters based on their best efforts, and the subscription price for each share is HKD 0.08. The subscription price is about 2.5% higher than the closing price of HKD 0.078 per share of the stock reported in the Stock Exchange of Hong Kong on June 25, 2024 (i.e. the date of the placement agreement). The maximum number of 176 million shares for subscription is equivalent to 8 of the company's fully issued shares on the date of this announcement.
Express News | Milan Station - to Place up to 176.2 Mln New Shares at HK$0.08 per Placing Share
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米蘭站:2023年報
Milan Station (01150.HK): Net loss of HK$27.9 million in 2023
On March 26, GLONGHUI | Milan Station (01150.HK) announced that for the year ended December 31, 2023, revenue was approximately HK$172.5 million, down 26.1% year on year; gross profit was approximately HK$25.1 million, down 54.2% year on year; loss attributable to company owners was approximately HK$27.9 million, a decrease of 39.2% year on year; basic and diluted loss of HK3.17 cents per share.
MILAN STATION: ANNOUNCEMENT OF ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023
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