Zhitong Finance App News, Capital Financial Holdings (08239) issued an announcement. On February 28, 2024 (after the stock exchange trading period), the company signed a placement agreement with the placement agent. According to this, the placement agent agreed to act as a company agent to induce no less than six undertakers (undertakers and their ultimate beneficial owners shall be independent third parties) to subscribe for up to 15.64 million shares. The placement price is HK$0.5 per share, compared to the shares traded on February 28, 2024 (that is, the date of the placement agreement) HK$0.58 discount per share at closing price 13.79% Assuming that there is no change in the company's issued share capital between the date of this announcement and the date of completion, the maximum number of 15.64 million shares placed is equivalent to about 20.00% of the company's current issued share capital at the date of this announcement; and about 16.67% of the company's issued share capital expanded by allocating and issuing all placed shares.

The net proceeds from the placement are estimated to be approximately HK$7.4 million. The Company intends to use the net proceeds from the placement to settle the Company's outstanding short-term liabilities and to use the Group's general working capital.