cryptocomnftgames| Hengxin Technology (01085) plans to place 77.6 million shares: raising approximately HK$74.5 million
News summary
Hengxin Technology (01085) plans to place up to 77.6 million sharescryptocomnftgames, accounting for approximately 16% of the issued sharescryptocomnftgames.67%, at HK$0.96 per share, a discount of 17.24% to the closing price on April 23, and net funding is expected to be approximately HK$72.6 million.
Newsletter text
[Hengxin Technology (01085) raised approximately HK$74.5 million through a large-scale rights issue] On April 23, 2024, Hengxin Technology (01085) announced that the company plans to place no more than 77.6 million shares in a targeted manner, accounting for 16.67% of the total share capital after the issuance.
The placing price is HK$0.96 per share, a 17.24% discount to the closing price of HK$1.16 on April 23.
If all shares are successfully placed, the total and net proceeds are expected to be approximately HK$74.5 million and HK$72.6 million respectively.
