Core Viewpoint - The company, Chuangye Group Holdings (02221), has entered into a subscription agreement to issue 20.57 million shares at a subscription price of HKD 1.50 per share, reflecting a premium of approximately 66.67% over the adjusted theoretical closing price of HKD 0.90 per share on the date of the agreement [1][2]. Group 1 - The subscription will result in the issuance of shares equivalent to approximately 11.26% of the existing issued share capital as of the announcement date, adjusted for the impact of a share consolidation [1]. - After the completion of the subscription, the total gross proceeds are expected to be approximately HKD 30.86 million, with net proceeds estimated at HKD 30.73 million [2]. - The net proceeds will be allocated for repaying overdue payables and other debts, as well as for general working capital needs [2]. Group 2 - The company aims to enhance its financial position and reduce its liabilities through this share issuance, which is viewed as a good opportunity to raise additional funds [2]. - The board believes that the subscription reflects the confidence of the subscribers in the long-term and sustainable development of the company [2]. - The expected net price per share raised from the subscription is approximately HKD 1.49 [2].
创业集团控股(02221)拟发行合共2057万股认购股份