Core Viewpoint - Yicheng Group (stock code: 8365) announced a financing plan through the placement of new shares, raising approximately HKD 29.7 million, with net proceeds expected to be around HKD 29.6 million after expenses [1] Group 1: Financing Details - The company will issue 18,000,000 new shares at a price of HKD 1.65, representing a discount of about 11.3% compared to the previous trading day's closing price of HKD 1.86 [1] - The placement price reflects a discount of approximately 19.7% compared to the average closing price over the last five trading days [1] - The newly issued shares will account for approximately 10.5% of the existing issued share capital and about 9.5% of the enlarged share capital after completion [1] Group 2: Use of Proceeds - Approximately HKD 23.68 million of the proceeds will be allocated for general working capital [1] - About HKD 5.92 million will be used for marketing and investor relations expenses [1] Group 3: Company Overview - Yicheng Group primarily provides corporate financing advisory, placement underwriting, business consulting, ESG advisory, corporate secretarial, accounting and tax, risk management, and human resources services in Hong Kong [1] - The financing is conducted under a general mandate granted by the shareholders' meeting and is expected to be completed by December 31, 2025 [1]