Zhitong Finance App News, Heritage Education Group (08195) issued an announcement. On March 19, 2024 (after the trading period), the placement agent entered into a placement agreement with the company. According to this, the company has already agreed to use the placement agent to place a maximum of 384.62 million shares to no less than six undertakers (they and their ultimate beneficial owners (if applicable) are independent third parties). The placement price is HK$1.30 per share, compared to the closing price of the shares reported on the Stock Exchange on the date of the placement agreement The HK$1.62 share discount was approximately 19.75%. Placed shares will be distributed and issued in accordance with a general mandate.

Assuming that there is no change in the issued share capital of the company from the date of this announcement to the date of completion, the maximum number of shares placed under the placement matters accounts for 9.2% of the company's current issued share capital of 419 million shares at the date of this announcement; and 8.4% of the issued share capital of the company after expanding the maximum number of distributed and issued shares. Based on a face value of HK$0.0005 per share, the total face value of the maximum number of shares to be placed under the placement will be HK$19,231.

It is anticipated that the maximum net proceeds from the placement will be approximately HK$49.4 million. Assuming that all placed shares are successfully placed, the net price of each placed share will be approximately HK$1.29.