Core Viewpoint - China Huaxing (00485) has entered into a subscription agreement with Harvest Fortune Investment Limited to issue 42 million shares at a subscription price of HKD 0.30 per share, representing approximately 19.73% of the company's existing share capital as of the announcement date [1] Group 1 - The subscription shares will have a total nominal value of HKD 420,000 [1] - The subscription price of HKD 0.30 per share reflects a discount of approximately 6.25% to the closing price of HKD 0.32 on the date of the agreement and a discount of about 9.09% to the average closing price of HKD 0.33 over the five trading days preceding the agreement [1] - The total gross proceeds from the subscription are expected to be approximately HKD 12.6 million, with net proceeds estimated at around HKD 12.35 million after deducting applicable costs and expenses [1] Group 2 - The company plans to use the proceeds from the subscription for funding its property development projects and cash flow needs [1]
中国华星(00485)拟折让约6.25%发行合共4200万股 净筹约1235万港元