According to the Zhitong Finance App, Ligao Holdings (08472) announced the stock offering results. Of these, about 25.994 million shares were unsubscribed, accounting for about 35.0% of the total number of shares offered for subscription under the share offering.

At 6:00 p.m. on February 23, 2024 (Friday) (that is, the deadline for the placement agent to place unsubscribed shares), all 25.194 million unsubscribed shares under the placement were successfully placed to no less than six independent undertakers at a price of HK$0.6 per share (equivalent to the subscription price). As a result, there is no net proceeds to be distributed to inactive shareholders under the compensation arrangement.

Since all conditions relating to the share offering and placement as set out in the share offering agreement have been fulfilled, the share offering and placement became unconditional on February 27, 2024 (Tuesday) at 6:00 p.m. The net proceeds from the stock offering were approximately HK$41.7 million.