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Easyknit Acquires Stake in Pacific Legend
Easyknit Int'l (01218.HK) subscribed 18.58 million shares of Pacific Legend at a cost of approximately HKD 3.066 million.
On August 16th, Geelong Report announced that on August 16th, 2024, the subscriber (a wholly-owned subsidiary of the company) agreed to subscribe for 18.58 million shares of Pacific Legend through the placement agent at a price of approximately HKD 3.066 million (excluding transaction costs), which is about HKD 0.165 per share of Pacific Legend. The subscription will be completed on or before August 28th, 2024.
Express News | Easyknit International - Unit to Subscribe for 18.6 Mln Pacific Legend Shares for HK$3.1 Mln
Pacific legend (08547.HK) plans to discount approximately 2.37% of the maximum 42.7 million shares for a net raise of HKD 6.88 million.
On August 8th, Guolonghui reported that Pacific Legend (08547.HK) has signed a subscription agreement with its placement agent and is now able to issue up to 42.7 million shares of stock through the placement agent to no fewer than six subscribers (who, along with their ultimate beneficial owners, must be independent third parties) at a price of HKD 0.165 per share. This price represents a discount of approximately 2.37% from the closing price of HKD 0.169 per share reported on the final trading day of the Stock Exchange of Hong Kong.
Express News | Pacific Legend - to Place via Placing Agent on Best Effort Basis, up to 42.7 Mln Placing Shares at HK$0.165 per Share
Risks Still Elevated At These Prices As Pacific Legend Group Limited (HKG:8547) Shares Dive 51%
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