crashteamracing2| Jiayi Holdings allotted 168 million shares: subscription price of HK$0.1 per share, raising approximately HK$16.7 million
News summary
Jiayi Holdings announced the signing of a 1 - 1 contract with Nongchuang Portcrashteamracing2.68 million share subscription agreementcrashteamracing2, price per share 0crashteamracing2.1 HKDcrashteamracing2, a premium of 38.89% to the market price, and the proceeds will be used for the group's working capital.
Newsletter text
Jiayi Holdings (01025) disclosed key transactions and reached a subscription agreement with Nongchuang Port Cross-Border E-commerce Industrial Park
{html}Jiayi Holdings (01025) announced during the non-trading session on May 23, 2024 that it had signed a subscription agreement with China Agricultural Chuangang Cross-Border E-commerce Industrial Park Co., Ltd. The agreement stipulates that the subscribers will subscribe for 168 million new shares, accounting for approximately 20% of the company's current issued share capital and 16.67% of the issued share capital. Jiayi Holdings said that the subscription price for this new issue is set at HK$0.1 per share, a premium of 38.89% to the closing price of HK$0.072 per share on the day of the issue. With full subscription, the total amount raised is expected to be close to HK$16.8 million. After deducting related expenses, the net fundraising was approximately HK$16.7 million, equivalent to approximately HK$0.099 per new share. The company plans to use these funds as working capital for daily operations.{html}Tags:
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