Zijing International Finance (08340) announced that at 4 pm on July 31, 2024 (Tuesday),...
According to an announcement by Zijing International Finance (08340) on July 31, 2024 (Tuesday), at 4 pm (which is the deadline for the distribution agent to distribute the unsubscribed shares), all approximately 0.105 billion shares of unsubscribed shares were successfully sold at a price of HKD 0.120 per share (equivalent to the subscription price) according to the distribution matter. Therefore, there is no net income available for distribution to non-active shareholders according to the compensation arrangement.
Therefore, the total amount of proceeds from the offering is approximately HKD 53.8 million, and the net amount of proceeds from the offering after deducting expenses is approximately HKD 52.8 million. The company plans to use the net proceeds from the offering as follows: (1) Approximately HKD 30 million will be used to repay the group's loans; (2) Approximately HKD 13 million will be used to strengthen the auto fleet; (3) Approximately HKD 7 million will be used to expand the online games business; and (4) Approximately HKD 2.8 million will be used to increase the group's general working capital.