Zhitong Finance App News, Yihe Co., Ltd. (01703) issued an announcement. The board of directors recommended that shares be offered at a subscription price of HK$0.50 according to the benchmark of being issued one share for every share held on the record date.
Assuming that there is no change in the total number of shares issued from the date of this announcement to the date of record (including that date), the Company will issue up to 138 million shares and raise up to HK$69 million in proceeds before deducting expenses.
The subscription price is HK$0.50 per share offered, a discount of approximately 48.98% per share from the closing price of HK$0.98 per share reported on the Stock Exchange on the last trading day.
The Company will provisionally allocate one unpaid share to eligible shareholders for each issued share held on the record date (currently expected to be September 24, 2026 (Thursday)). The share offering will not apply to ineligible shareholders. Regardless of the level of acceptance of the provisional allotment of shares to be offered, the share offering will be carried out on a non-underwriting basis. If there is insufficient subscription for the share offering, the size of the share offering will be reduced accordingly.
After deducting the estimated expenses relating to the share offering, the estimated net proceeds from the share offering will be approximately HK$66.9 million (assuming there is no change in the total number of issued shares from the date of this announcement until the date of the record (including that date)).