Core Viewpoint - Gao Shan Enterprises (00616) has successfully completed a placement agreement, issuing 20 million shares at a price of HKD 0.30 per share, raising a total of HKD 6 million for general working capital purposes [1] Summary by Relevant Sections Placement Details - The placement involved issuing 20 million shares to an independent third party, Mr. Xiang Zhiheng, representing approximately 1.19% of the company's enlarged issued share capital [1] - The total proceeds from the placement amounted to HKD 6 million, with net proceeds estimated at HKD 5.94 million after deducting placement commissions and related costs [1] Use of Proceeds - Approximately 6% of the net proceeds will be allocated for professional fees - About 35% of the net proceeds will be used for employee salaries - Approximately 59% of the net proceeds will be directed towards utility expenses and other costs [1]
高山企业(00616)完成发行2000万股配售股份 净筹约594万港元