Core Viewpoint - The company, Datang Xishi (00620), has announced a placement agreement to issue 66.8 million shares at a price of HKD 0.60 per share, representing approximately 8.34% of the enlarged issued share capital, aimed at raising additional funds for business development and enhancing financial stability [1] Group 1: Placement Details - The placement price of HKD 0.60 per share reflects a discount of about 3.23% compared to the closing price of HKD 0.62 on the Hong Kong Stock Exchange on August 8, 2025 [1] - The placement will involve at least six subscribers, indicating a broad interest from new investors [1] Group 2: Purpose of Fundraising - The company believes that the current market conditions present a good opportunity for further fundraising activities [1] - The funds raised will primarily support the company's property development business and supplement its working capital [1] - The placement is viewed as a cost-effective and time-efficient fundraising solution compared to debt financing, public offerings, or rights issues, as it does not impose interest burdens or affect the company's debt status [1]