MIG International Holdings (01247.HK) announced that on April 22, 2022, the company entered into a placing agreement with the placing agent, in which the company intends to place a maximum of 23.616 million shares, accounting for about 20% of the issued share capital; and to expand the issued share capital by allocating and issuing placing shares. The placing price is HK $0.58 per placing share, which is about 9.38% off the closing price of HK $0.64 per share on April 22, 2022.
The net proceeds to be collected from the placing will be approximately HK $13.5 million. The net proceeds are expected to be used for the general working capital of the Group.