Core Viewpoint - China Smart Technology (00464) announced a subscription agreement with 27 subscribers to issue a total of 117 million shares at a subscription price of HKD 0.9 per share, representing a discount of approximately 19.64% from the closing price of HKD 1.12 on the date of the agreement [1] Group 1 - The total number of shares to be issued is 117 million, which will represent approximately 15.48% of the company's enlarged issued share capital, assuming no changes in the issued share capital from the announcement date to the completion date [1] - The total nominal value of the shares to be issued will be HKD 117,100 [1] - The expected gross proceeds from the subscription will be approximately HKD 105 million, with net proceeds (after deducting expenses) estimated at around HKD 103 million [1] Group 2 - The net proceeds from the subscription are intended to be used for business development, loan repayment, and general working capital [1]
中国智能科技拟折让约19.64%发行合共1.17亿股 净筹约1.03亿港元