Wai Hung Group Holdings (03321) announced that the subscription price should be 0.0204 Hong Kong dollars per share, after fair negotiation between the company and the subscription agent, with reference to the then market price of the shares on the Stock Exchange.
Therefore, the maximum total proceeds from the subscription will be approximately 2.06 million Hong Kong dollars. The net proceeds from the subscription (after deducting the commission payable to the subscription agent, professional fees, and other related costs and expenses arising from the subscription) will be approximately 2.03 million Hong Kong dollars, and the net price per share of the subscription shares will be approximately 0.0201 Hong Kong dollars. The Company intends to use the net proceeds from the subscription for the group's general working capital.
Zhitong Finance and Economics APP learned that Wai Hung Group Holdings (03321) announced that the subscription price should be 0.0204 Hong Kong dollars per share, after fair negotiation between the company and the subscription agent, with reference to the then market price of the shares on the Stock Exchange.
At the request of the company, trading in the shares of the Company (Shares) has been suspended on The Stock Exchange of Hong Kong Limited from 9:00 a.m. on September 17, 2024, and an application has been made to resume trading in the Shares from 1:00 p.m. on September 17, 2024.