Core Viewpoint - China Shuta (08623.HK) announced a placement agreement with a placement agent to issue up to 31 million shares at a price of HKD 0.105 per share, which represents an 18.60% discount from the last closing price of HKD 0.129 [1] Summary by Sections Placement Details - The company will issue a maximum of 31 million shares, equivalent to approximately 19.84% of the existing issued share capital as of the announcement date [1] - The placement price is set at HKD 0.105 per share, reflecting an 18.60% discount from the last trading price [1] Financial Implications - If all placement shares are fully subscribed, the total proceeds from the placement will be approximately HKD 3.255 million [1] - After deducting all related expenses (including placement commission, legal fees, and other costs), the estimated net proceeds will be around HKD 3.15 million [1] Use of Proceeds - The net proceeds from the placement are intended to be used for general working capital of the group, aimed at improving the financial condition of the company and enhancing its existing and future business [1]
中国蜀塔(08623.HK)拟折让18.60%配售最多3100万股 净筹315万港元