Summary by Futu AI
KEISHI TECHNOLOGY HOLDINGS LIMITED ANNOUNCED ON 22 MAY 2024 A SUBSCRIPTION AGREEMENT WITH MAJOR SHAREHOLDERS AND DIRECTORS LEUNG ZIHAO, WU JINWEI AND LI MINQIANG, CONDITIONALLY AGREEING TO SUBSCRIBE FOR A TOTAL OF 25,008,000 NEW SHARES AT A SUBSCRIPTION PRICE OF HK$0.64 PER SHARE FOR A TOTAL VALUE OF HK$250,080, WITH A NET TOTAL VALUE OF APPROXIMATELY HK$15,800,000. The subscription represents approximately 2.76% of the Company's issued share capital and will be completed after certain conditions are met. This transaction constitutes a connected transaction and is subject to the provisions of Chapter 20 of the GEM Listing Rules, including the approval of independent shareholders. The Company plans to use the net proceeds for working capital and general corporate purposes. A SPECIAL GENERAL MEETING WILL BE HELD TO REVIEW AND APPROVE THE SUBSCRIPTION AGREEMENT AND RELATED TRANSACTIONS, AND AN APPLICATION WILL BE MADE TO THE EXCHANGE FOR LISTING THE SHARES. The company is primarily engaged in electric vehicle charging business in Hong Kong.