Core Viewpoint - New City Development (01030) has announced a placement and subscription agreement, indicating a strategic move to raise capital through the sale of shares at a discount to the market price [1][2] Group 1: Placement and Subscription Agreement - The seller has appointed a placement agent to facilitate the sale of 198 million shares at a placement price of HKD 2.39 per share [1] - The shares being sold represent approximately 2.80% of the company's issued share capital as of the announcement date, and about 2.73% after the issuance of subscription shares [1] - The placement price reflects a discount of approximately 14.95% compared to the closing price of HKD 2.81 on February 4, 2026 [1] Group 2: Use of Proceeds - The total gross proceeds from the subscription are expected to be approximately HKD 473 million, with net proceeds estimated at HKD 469 million after deducting all costs and expenses [2] - The net proceeds are intended for future development, repayment of upcoming debts, and general working capital for the group [2]
新城发展拟先旧后新配售1.98亿股 净筹约4.69亿港元