Summary by Futu AI
On June 20, 2024, Emperor Ai announced that it had signed a placement agreement with placement agent Beta International Securities Limited to agree to place up to 44,350,000 new shares, with a placement price of HKD 1.68 per share. The allotted shares are equivalent to about 30.00% of the total number of shares issued by the company, and assuming that the share consolidation is effective, it will expand to about 23.08%. The placement price is discounted by about 14.29% to 15.15% from the average closing price of the last five trading days. If the placement is completed in full, it is expected to raise a total amount of about HKD 74.51 million, and the net amount after deducting relevant expenses is about HKD 72.11 million. The company plans to use...Show More