Summary by Futu AI
Victory Securities (Holdings) Limited announced on March 25, 2024 that it has entered into four subscription agreements with four independent third party subscribers subject to the issuance and issuance of a total of 7,200,000 new shares. Of these, Subscriber A will subscribe for 3,600,000 shares in Lot A and 2,400,000 shares for Lot A, and Subscribers B, C and D will jointly subscribe for 1,200,000 shares in Lot B. The subscription price was HK$2.30 and HK$2.80 per share, representing a discount of approximately 19% and 2% from the market price, respectively. The total proceeds from this subscription are approximately HK$17.76 million, net of related expenses of approximately HK$17.70 million, which will be used to enhance the Company's IT infrastructure and as general operating capital. The subscription shares will be distributed and issued under general mandates without shareholder approval and will be applied to the Listing Committee for listing and trading on the Exchange. Completion of the subscription is subject to the fulfilment of the pre-requisite conditions under the relevant subscription agreement or upon completion of the exemption.