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GAOYU FINANCE: INTERIM RESULTS ANNOUNCEMENTFOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
Gaoyu Finance (08221) issued a profit warning, expecting a net loss of approximately 9 million to 10.5 million Hong Kong dollars in the mid-term.
gaoyu finance (08221) announced that the group is expected to incur a loss for the six months ending on September 30, 2024...
Express News | Gaoyu Finance Group Ltd - Expected Result Due to Unrealized Loss in Fair Value Change on Investments, Others
Express News | Gaoyu Finance Group Ltd Sees Net Loss in Range of From HK$9 Mln to HK$10.5 Mln for Hy
GAOYU FINANCE: PROFIT WARNING
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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