Core Viewpoint - The company, Heng Tai (00197), has announced a share placement and subscription agreement, which involves the issuance of 30.606 million shares at a price of HKD 0.476 per share, representing a discount of approximately 17.93% from the closing price on October 8, 2023 [1] Summary by Relevant Sections Share Placement and Subscription - The placement agent has agreed to act on behalf of the subscriber to facilitate the purchase of at least six subscribers for the placement shares at HKD 0.476 per share, totaling 30.606 million shares [1] - The subscriber, who is the company's chairman and CEO, has conditionally agreed to subscribe for the shares, and the company has conditionally agreed to issue the subscription shares [1] Financial Implications - The maximum total amount raised from the subscription is expected to be approximately HKD 14.6 million, with a net amount of about HKD 14.2 million [1] - The subscription shares represent approximately 17.14% of the company's existing share capital as of the announcement date, and approximately 14.63% of the enlarged issued share capital post-placement [1] Use of Proceeds - The net proceeds from the subscription will be used for the renovation of the logistics center in Shanghai, upgrading furniture and logistics equipment, purchasing new equipment, expanding the workforce at the Dongguan processing center, and general working capital for the group [1]
亨泰拟折让约17.93%先旧后新配股 最多净筹约1420万港元