Core Viewpoint - Baiguoyuan Group (02411.HK) has successfully completed a placement agreement, raising approximately HKD 327 million through the issuance of 280 million shares at a price of HKD 1.17 per share, which represents about 18.2% of the existing shares prior to completion and approximately 15.4% of the enlarged share capital post-completion [1] Summary by Categories Placement Details - The placement involved a total of 280 million shares being allocated to no less than six subscribers at a price of HKD 1.17 per share [1] - The total amount raised from the placement is approximately HKD 327 million, with a net amount of about HKD 325 million after deducting applicable fees and expenses [1] Use of Proceeds - Approximately 61.5% (HKD 200 million) of the net proceeds will be used to pay trade payables in the ordinary course of business [1] - About 30.8% (HKD 100 million) will be allocated to repay bank loans [1] - The remaining 7.7% (HKD 25 million) will be utilized for general working capital and administrative expenses [1]
百果园集团(02411.HK)完成配售2.8亿股 净筹3.25亿港元