On June 7, 2024, AIDIGONG announced that it had signed a placement agreement with Beta International Securities Limited, conditionally agreeing to place up to 869,000,000 new shares at a price of HKD 0.042 per share. The placement shares represent approximately 14.70% of the total number of shares issued by the company and will be expanded to approximately 12.81%. The placement price is discounted by approximately 8.70% compared to the closing price of HKD 0.046 per share on the date of the placement agreement and approximately 19.23% compared to the average closing price of HKD 0.052 per share for the previous five trading days. The company expects to raise approximately HKD 35,000,000 in net proceeds from the placement, which will be used to repay loans and other payables of approximately HKD 24,500,000, as...Show More

On June 7, 2024, AIDIGONG announced that it had signed a placement agreement with Beta International Securities Limited, conditionally agreeing to place up to 869,000,000 new shares at a price of HKD 0.042 per share. The placement shares represent approximately 14.70% of the total number of shares issued by the company and will be expanded to approximately 12.81%. The placement price is discounted by approximately 8.70% compared to the closing price of HKD 0.046 per share on the date of the placement agreement and approximately 19.23% compared to the average closing price of HKD 0.052 per share for the previous five trading days. The company expects to raise approximately HKD 35,000,000 in net proceeds from the placement, which will be used to repay loans and other payables of approximately HKD 24,500,000, as well as for general operating capital of approximately HKD 10,500,000. The completion of the placement is subject to certain conditions and an application has been made to the Stock Exchange of Hong Kong for the listing of the placement shares. Shareholders and potential investors should note that the placement may or may not proceed and should act with caution.