SK Target (08427) has announced that, as all the preconditions set out in the subscription agreement have been met, the completion was achieved on July 2...
According to the announcement by SK Target (08427), all the preconditions set out in the subscription agreement have been met, and the completion was carried out on July 17, 2024, in accordance with the terms and conditions of the subscription agreement. A total of 27.2527 million shares (equivalent to approximately 20.00% of the issued share capital immediately before completion; and approximately 16.67% of the issued share capital after the issuance and distribution of the subscription shares) have been issued and distributed to subscribers at a subscription price of HK$ 0.08 per share. The net proceeds from the subscription, approximately HK$ 2.1 million, will be applied in the manner disclosed in the announcement. After completion, in accordance with Chapter 20 of the GEM Listing Rules, the subscribers will be deemed to be major shareholders of the company.