Core Viewpoint - Xinhua United Investment (08159) announced a conditional subscription agreement with Zhongsheng Investment Group, Mr. Wu Jun, and Mr. Alex M Vanderpol, involving the issuance of 141 million shares at a subscription price of HKD 0.08 per share, representing a discount of approximately 13.04% from the closing price of HKD 0.092 on the announcement date [1][1][1] Group 1 - The subscription shares represent 20% of the total issued shares as of the announcement date and approximately 16.66% of the total issued shares after the issuance [1][1] - The completion of the first subscription agreement will allow the company to partially settle outstanding payables to the first subscriber group amounting to approximately HKD 5.66 million [1][1] - The total proceeds from the second and third subscription agreements are expected to be around HKD 5.6 million, with net proceeds (after related expenses) estimated at approximately HKD 5.2 million [1][1] Group 2 - The company intends to use the net proceeds from the second and third subscription agreements for working capital and to repay the group's borrowings and payables [1][1][1]
新华联合投资拟折让约13.04%发行合共1.41亿股认购股份