From Yu Zhinong's announcement, the previous announcement was to place up to 140 million new shares under general authorization. According to the announcement, all the prerequisites contained in the placement agreement have been fulfilled. The placement was completed on October 22, 2026, and 140 million shares were placed to no less than six undertakers at HK$0.24 per share, accounting for about 16.7% of the issued share capital after completion. The net proceeds from the placement are approximately HK$32.9 million, which are intended to be used for loan repayment and general working capital.
Zhitongcaijing · 2d ago
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From Yu Zhinong's announcement, the previous announcement was to place up to 140 million new shares under general authorization. According to the announcement, all the prerequisites contained in the placement agreement have been fulfilled. The placement was completed on October 22, 2026, and 140 million shares were placed to no less than six undertakers at HK$0.24 per share, accounting for about 16.7% of the issued share capital after completion. The net proceeds from the placement are approximately HK$32.9 million, which are intended to be used for loan repayment and general working capital.
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