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Gao Yu Finance (08221.HK) plans to discount approximately 17.65% and allocate up to 0.38 billion shares, raising a net amount of 5.2 million Hong Kong dollars.
On September 4th, Gelonghui announced that on September 4th, 2024, the company entered into a placement agreement with the placement agent. Based on this, the company intends to submit for subscription, and the placement agent has agreed (as the company's agent) to use its best efforts to make at least six underwriters subscribe for a maximum of 0.38 billion shares at a price of not less than HK$0.014 per share during the placement period. The maximum number of shares to be placed under the placement represents approximately 15.97% of the total number of shares issued after the placement. The placement price of HK$0.014 per share is lower than the stock's closing price on the date of the placement agreement reported to the Hong Kong Stock Exchange.
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