Core Viewpoint - Tiancheng Holdings (02110.HK) announced a placement agreement with a placement agent to issue up to 60 million shares at a price of HKD 0.1 per share, representing approximately 20% of the company's existing issued share capital [1] Summary by Sections Placement Details - The placement agent has conditionally agreed to facilitate the subscription of shares by at least six independent third-party investors [1] - The placement price of HKD 0.1 per share represents a discount of about 13.79% compared to the closing price of HKD 0.116 on the date of the announcement [1] Financial Implications - If all placement shares are fully subscribed, the total proceeds from the placement will amount to HKD 6 million [1] - The estimated net proceeds from the placement, after deducting commissions, professional fees, and other related expenses, are expected to be approximately HKD 5.71 million [1] Use of Proceeds - The company intends to use the net proceeds from the placement entirely for general working capital purposes [1]
天成控股(02110.HK)拟折让约13.79%配售最多6000万股 净筹571万港元