Group 1 - The company, Gao Shan Enterprises (00616), announced a conditional placement agreement to issue up to 67 million shares at a price of HKD 0.30 per share, representing approximately 4.03% of the company's issued share capital as of the announcement date [1] - The placement price of HKD 0.30 per share reflects a discount of about 10.45% to the closing price of HKD 0.335 on December 16, 2025, and a discount of approximately 10.98% to the average closing price of HKD 0.337 over the five trading days preceding the placement agreement [1] - The expected total gross proceeds from the placement, after deducting commissions and related costs, are estimated to be approximately HKD 20.10 million, with a net amount of about HKD 19.89 million, resulting in a net issue price of approximately HKD 0.297 per share [1][2] Group 2 - The net proceeds from the placement are intended to cover additional construction costs for the Fenghua project located at 646, 648, and 648A Castle Peak Road, Kowloon, which has a total area of approximately 9,206 square feet [2] - Due to current market conditions, the development plan for the Fenghua project has been adjusted to convert it into student dormitories [2]
高山企业(00616)拟折让约10.45%配售最多 6700万股配售股份