Core Viewpoint - China Huaxing (00485) has entered into a subscription agreement with Harvest Fortune Investment Limited to issue a total of 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: Subscription Agreement Details - The subscription price of HKD 0.30 per share reflects a discount of approximately 6.25% compared to the closing price of HKD 0.32 on the date of the agreement [1] - The shares represent about 16.48% of the enlarged issued share capital assuming no changes in the issued share capital from the announcement date until completion [1] - The total nominal value of the subscription shares is HKD 420,000 [1] Group 2: Financial Implications - The total gross proceeds from the subscription are estimated to be approximately HKD 12.6 million, with net proceeds expected to be around HKD 12.35 million after deducting all applicable costs and expenses [1] - The company intends to use the proceeds from the subscription for funding its property development projects and cash flow needs [1]
中国华星拟折让约6.25%发行合共4200万股 净筹约1235万港元