On November 21, ghw intl (09933.HK) issued an announcement. On November 21, 2024, the company entered into a placement agreement with the placing agent. The company intends to place a maximum of 9.5 million shares at a price of HK$2.60 per share, accounting for 0.95% of the company's existing issued share capital; and the enlarged issued share capital is approximately 0.94% after the placement. The placement price of HK$2.60 per share represents a discount of approximately 12.75% to the closing market price of HK$2.98 per share reported on the Stock Exchange on November 21, 2024.

The estimated net proceeds are approximately HK$24.34 million. The company plans to use the net proceeds from the placement for general working capital of the group.