Astrum (08333) announced that, according to the general mandate, up to 10 million shares will be distributed...
According to the announcement from Astrum (08333) on the Zhitong Finance app, up to 10 million shares will be distributed based on the general mandate.
As disclosed in the announcement, the company has entered into a placement agreement with the placing agent, and the company has appointed the placing agent to place up to 10 million shares for sale to no fewer than six independent placing persons at a price of HK$0.26 per share after the best efforts benchmark and subject to the preconditions for the placement matters being met.
Following fair negotiations between the company and the placing agent, a supplementary agreement to the placement agreement was signed on October 8, 2024, whereby both parties agreed to revise the placement price to HK$0.261 per share.
The placement price of HK$0.261 per share represents a discount of approximately 19.69% to the closing price of HK$0.325 per share reported on the Stock Exchange on the date of the placement agreement, and a discount of approximately 18.94% to the average closing price of HK$0.322 per share reported on the Stock Exchange in the last five trading days immediately preceding the placement agreement.
Assuming full subscription for the placement shares, the total amount and net amount of proceeds from the placement matters will be approximately HK$2.6 million and HK$2.5 million, respectively. The company intends to use all net proceeds for the general working capital of the group. In the event of full subscription for the placement shares, the net placement price will be approximately HK$0.25 per share.
Except for the above changes, all terms and conditions of the placement agreement remain unchanged and continue to be in full force and effect.
At the request of the company, trading in the shares has been suspended on the Stock Exchange from 9:00 a.m. on Tuesday, October 8, 2024, pending the publication of this supplementary announcement. The company has applied to the Stock Exchange to resume trading in the shares on the Stock Exchange from 1:00 p.m. on Tuesday, October 8, 2024.