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京基金融国际(01468.HK)拟溢价配售最多10亿股 总筹2.5亿港元

Kingkey Fin Int (01468.HK) plans to sell up to 1 billion shares at a premium, and raise a total of HKD 250 million.

Gelonghui Finance ·  Jun 18 06:22

On June 18th, Gelunhui | Jing Fund International (01468.HK) announced that in order to enable the company to comply with the group's future expansion and growth, the board of directors proposed to increase the company's statutory share capital from HKD 100 million (divided into 10 billion shares) to HKD 1 billion (divided into 100 billion shares) by adding 90 billion new shares. The increase in share capital is subject to approval by ordinary resolution of the shareholders at an extraordinary general meeting.

On June 17, 2024, the company entered into a placement agreement with the placement agent (i.e. Orient Securities International Limited), and on this basis, the company conditionally agreed to place up to 1 billion placement shares to not less than 6 placing agents (who, together with their ultimate beneficial owners, will be independent third parties) through the placement agent at a price of HKD 0.25 per placement share.

The placement price of HKD 0.25 per placement share represents a premium of approximately 29.5% over the closing price per share of HKD 0.193 on the Stock Exchange on June 17, 2024 (i.e. the date of the placement agreement). The maximum number of placement shares represents approximately 10.9% of the existing issued share capital of the company as at the date of this announcement, and approximately 9.8% of the enlarged issued share capital of the company after the issue and placing of the placement shares.

Assuming that the placement agent successfully places all the placement shares, the total amount of proceeds from the placement will be approximately HKD 250 million, and the net proceeds will be approximately HKD 247.3 million. The directors intend to use (i) approximately HKD 56 million (approximately 22.6% of the net proceeds) to repay debts; (ii) approximately HKD 50 million (approximately 20.2% of the net proceeds) to develop the group's green resource investment business; and (iii) approximately HKD 141.3 million (approximately 57.2% of the net proceeds) as supplementary working capital.

The translation is provided by third-party software.


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