Workflow
中国上城 :通过一般授权配售新股募资约1359万港元 补充运营资金

Core Viewpoint - China Shangcheng (stock code: 2330) announced a financing plan through the placement of new shares, raising approximately HKD 13.59 million, with net proceeds of about HKD 13.52 million after expenses [1] Group 1: Financing Details - The company will issue 75,474,291 shares (approximately 7.55 million shares) at a placement price of HKD 0.180, which represents a discount of about 7.69% compared to the previous trading day's closing price of HKD 0.195 [1] - The placement price is at a premium of approximately 31.39% compared to the average closing price of HKD 0.137 over the last five trading days [1] - The newly issued shares will account for approximately 20.00% of the existing issued share capital and approximately 16.67% of the enlarged share capital after completion [1] Group 2: Use of Proceeds - The net proceeds of approximately HKD 13.52 million will be used for general working capital, including employee costs, professional fees, rent, and general administrative and operational expenses [1] - The issuance is conducted under a general mandate granted by the shareholders' meeting and is expected to be completed within four business days after the fulfillment of the conditions precedent [1]