Core Viewpoint - China Shuta (08623) plans to issue up to 31 million placement shares, representing approximately 16.56% of the company's issued share capital after the placement [1] Summary by Sections Share Placement Details - The placement price is set at HKD 0.105 per share, which is an 18.60% discount compared to the closing price of HKD 0.129 on October 21 [1] - If all placement shares are fully subscribed, the total proceeds from the placement will be approximately HKD 3.255 million, with estimated net proceeds of about HKD 3.15 million [1] Use of Proceeds - The net proceeds from the placement are intended to be used for the company's general working capital, aimed at improving the financial condition of the group [1] - This move is expected to help establish and enhance the existing and future business of the group [1]
中国蜀塔拟折让18.6%配股 最高净筹约315万港元