Summary by Futu AI
Capital Realm (Stock Code: 204) signed a placement agreement with Ding Shi Securities Limited and Rui Sen Port Securities Limited on October 2, 2024, planning to place up to 172,940,000 new shares at a price of HK$0.360 per share to no less than six independent professional investors. The placement shares represent approximately 20% of the company's existing issued share capital and approximately 16.67% post-expansion. After the placement is completed, it is expected to raise a net amount of approximately HK$60.4 million, to be used for future investment opportunities, debt repayment, and general operating funds. The placement is subject to approval by the Listing Committee of the Hong Kong Stock Exchange, and if the relevant conditions are not met by October 23, 2024, the placement agreement will terminate. The placement price for this offering is discounted by approximately 19.10% from the company's recent fill price on the Hong Kong Stock Exchange.