According to the Zhitong Finance App, Roche International Holdings (01529) announced that on April 19, 2024, the company entered into a placement agreement with the placement agent. The company has already agreed to place up to 193 million shares of placement shares to no less than six undertakers (all of whom and their ultimate beneficial owners are independent third parties) through the placement agent at an placement price of HK$0.097 per share.

The placement price of HK$0.097 per share is approximately 11.82% off of the closing price of HK$0.11 per share as reported on the date of the placement agreement; the maximum number of placed shares is equivalent to approximately 14.5% of the expanded company's issued share capital.

Assuming that the highest number of shares to be placed under the placement agreement, the total proceeds from the placement will be HK$18.71 million, and the net proceeds will be approximately HK$18.52 million (after deducting commissions and other expenses relating to the placement). The directors intend to use the net proceeds from the placement for infrastructure investment in the logistics business.