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Dongjian International (00329) plans to discount about 10.57% and place up to 300 million shares to raise about HK$32.63 million
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According to Zhitong Finance App News, Dongjian International (00329) announced that on October 5, 2026 (after the trading period), the company signed a placement agreement with the placement agent. According to this, the company appointed the placement agent as the company's sole placement agent. Following the best effort criteria and pending completion of the prerequisites for the placement matters, it was prompted to place up to 300 million shares to no less than 6 undertakers at a price of HK$0.11 per share.

Assuming that the highest number of placed shares have been placed, the total proceeds from the placement will be approximately HK$32.99 million, and the net proceeds will be approximately HK$32.63 million.

The placement price of HK$0.11 per share was determined after fair negotiations between the company and the placing agent. The closing price of HK$0.123 per share was discounted by approximately 10.57% from the closing price of the shares reported on October 5, 2026 (i.e. the date of the placement agreement).

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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