According to Zhitong Finance App News, China Health Technology Group (01069) issued an announcement. On May 28, 2024 (after the trading period), the company entered into a placement agreement with the placement agent. According to this, the company has agreed to use the placement agent to place a total of up to 143 million shares at the placement price of HK$0.063 per share to no less than six undertakers, and all of these undertakers and beneficial owners are independent third parties. The placement price of HK$0.063 is approximately 13.70% off of the closing price of the shares at HK$0.073 per share as reported on the date of the placement agreement.

Assuming that all placed shares are fully placed, the net proceeds from the placement are approximately HK$8.6 million, which is equivalent to a net issue price of approximately HK$0.060 per placed share. The company will apply to the Stock Exchange to place shares for listing and trading.