Summary by Futu AI
On November 14, 2024, capital realm announced that it has completed the placement of up to 172,940,000 new shares under the general mandate. The placement was successfully executed by the placement agent at a price of HKD 0.237 per share, raising a total net amount of approximately HKD 39,800,000. The funds will be used to repay part of the group's existing debts, for general working capital, and to pay for potential investment opportunities. After the placement is completed, the new shares will have equal status with the existing shares. The subscribers and their ultimate beneficial owners are independent third parties, with none becoming major shareholders of the company. Following the placement, there has been a change in the company's equity structure, with Zhang Hai and his controlled Infinite Apex International Corporation seeing a decrease in their shareholding percentage, while the subscribers collectively hold approximately 16.67% of the shares.