Zhitong Finance App News, Food King (Global) (08619) issued an announcement. The conditions for the placement have been met, and the placement was completed on May 29, 2024. The placement agent has placed HK$0.12 per share at the placement price in accordance with the terms and conditions of the placement agreement, successfully placing a total of 150 million shares to no less than 6 undertakers, which is equivalent to approximately 12.2% of the total number of existing issued shares immediately before completion and approximately 10.9% of the total number of issued shares expanded through allotment and issuance of placed shares immediately after completion.
The total proceeds from the placement are estimated to be approximately HK$18 million, while the net proceeds from the placement are estimated to be approximately HK$17 million.