Group 1 - Alpha Enterprises (00948) announced a placement and subscription agreement with the seller, Huade Investment Limited, and the placement agent, aiming to sell up to 28 million shares at a price of HKD 0.24 per share [1] - The maximum number of placement shares represents approximately 8.02% of the existing issued share capital as of the announcement date, and about 7.42% of the enlarged issued share capital after the placement [1] - The placement price of HKD 0.24 per share reflects a discount of approximately 7.7% compared to the last closing price of HKD 0.26 per share [1] Group 2 - If all placement shares are fully subscribed, the total gross proceeds from the subscription will be approximately HKD 6.72 million, with a net amount of about HKD 6.29 million after expenses [2] - The net proceeds from the subscription are intended to be used to expand the company's dairy product business [2]