Group 1 - The company, Zhonglian Development Holdings (00264), announced a placement agreement to issue up to 20 million shares at a price of HKD 2.16 per share, representing a discount of approximately 14.96% from the closing price of HKD 2.54 on January 6, 2026 [1] - The maximum number of shares to be placed accounts for about 4.33% of the company's existing issued share capital of 462 million shares as of the announcement date [1] - The placement shares will be issued under the general mandate granted to the directors at the annual general meeting scheduled for June 3, 2025 [1] Group 2 - The expected total gross proceeds from the placement are approximately HKD 43.2 million, with net proceeds estimated at HKD 42.06 million after deducting placement commissions [2] - The net proceeds will be allocated as follows: approximately HKD 18 million for purchasing materials and equipment related to leather manufacturing and clean services for automotive engines; approximately HKD 14.06 million for general working capital, including rent, employee costs, and administrative expenses; and approximately HKD 10 million for repaying outstanding debts [2]
中联发展控股(00264)拟折让约14.96%配售最多2000万股 净筹约4206万港元