playtoearncryptogamesforiphone| Hengyi Holdings (01894.HK) plans to discount approximately 18.2% and place up to 153.5 million shares with a net raise of HK$7.8 million

Gelonghui May 23 丨 Hengyi Holdings (01894playtoearncryptogamesforiphone.HK) AnnouncementplaytoearncryptogamesforiphoneOn May 23, 2024, the Company entered into a placing agreement with the placing agent, pursuant to which the Company appointed the placing agent as its agent to use its best efforts to procure no less than six placees to subscribe for a maximum of 153 per placing share at a price of HK$0.054 per placing shareplaytoearncryptogamesforiphone, 520,000 placing shares. The placing shares will be allotted and issued in accordance with general mandate.

Each placing share is HK$0.054, representing a discount of approximately 18.2% to the closing price of HK$0.066 per share quoted on the Stock Exchange on May 23, 2024 (the last trading day); the placing shares account for approximately 16.67% of the company's issued share capital as enlarged by the allotment and issue of placing shares. Expected net proceeds from the placing (net of placing commissions payable to the placing agent and the amount ofplaytoearncryptogamesforiphoneHis expenses) will be approximately HK$7.8 million. The company intends to allocate the net proceeds from the placing as general working capital of the group.

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