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Sterling GP plans to offer a discount of approximately 1.8% on up to 48 million shares of its stock offering, with a net fundraising of approximately 5.12 million Hong Kong dollars.
STERLING GP (01825) released a statement on July 30, 2024, announcing that the company entered into a placement agreement with the placement agent. The placement agent (as the company's agent) conditionally agreed to use its best efforts to encourage no less than six underwriters (including themselves and their ultimate beneficiaries, who must be independent third parties) to subscribe for up to 48 million placement shares at a placement price of HKD 0.11 per share. The placement shares are equivalent to approximately 16.7% of the total number of issued shares after the placement and the issuance of new placement shares (assuming that from the date of this announcement to the completion date, excluding the issuance of placement shares, the total number of issued shares remains unchanged).
Sterling GP (01825.HK) plans to offer a discount of approximately 1.8% for the sale of up to 48 million shares, with a net raising of HKD 5.12 million.
On July 30th, Gelunhui announced that STERLING GP (01825.HK) and its placement agent entered into a placement agreement on July 30, 2024. Accordingly, the placement agent (acting as the Company's agent) conditionally agrees to use its best efforts to encourage no less than six underwriters (who and their ultimate beneficial owners must be independent third parties) to subscribe for up to 48 million shares of placement shares at a placement price of HKD 0.11 per share. The placement shares represent approximately 16.7% of the total issued share capital after the placement and the issuance of placement shares (assuming that, from the date of this announcement to the completion date, except for the issuance
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