CHK OIL (00632.HK) plans to issue up to 86.87 million shares by placement, with estimated net proceeds of HKD 17.32 million

NewTimeSpace (newtimespace.com) News, CHK OIL (00632.HK) announced on Jun 23, 2026 that the company has entered into a placement agreement with the placement agent on Jun 23, 2026. According to the agreement, the placing agent conditionally agreed to use its best endeavors to procure placees to subscribe for up to 86.87 million shares placement, which represent approximately 9.08% of the company's existing issued share capital as of the date of this announcement, and approximately 8.33% after the subscription.
The placement price per share is HKD 0.21, at a discount of approximately 17.65% to the closing price of HKD 0.255 per share on the HKEX on the date of the placement agreement. The total proceeds from the placement are estimated to be about HKD 18.24 million. After deducting the placement commission, professional fees, and all related expenses that the company may incur, the net proceeds from the placement are estimated to be approximately HKD 17.32 million.

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