According to the Zhitong Finance App, HKE HOLDINGS (01726) issued an announcement that the prerequisites set out in the placement agreement have been met, and the placement matters were completed on November 17, 2021. According to the terms and conditions of the placement agreement, a total of 160 million placed shares have been distributed and issued to no less than six independent contractors at the placement price of HK$0.40 per placed share.

The total and net proceeds from the placement were approximately HK$64 million and HK$63 million respectively. The company intends to use 90% of the net proceeds to finance new business and 10% of the net proceeds to the group's general working capital.

New businesses refer to a number of innovative software businesses developed by the Group, which mainly involve providing customers with market analysis data services for capital markets and other potential asset classes (such as listed securities, listed bonds and alternative assets).