ZIJING INTL FIN (08340.HK) plans to issue up to 13.33 million shares by placement, with estimated net proceeds of HKD 5.57 million

ZIJING INTL FIN (08340.HK) announced on Jul 6, 2026 that the company has entered into a placement agreement with the placement agent on Jul 6, 2026. According to the agreement, the placing agent conditionally agreed to use its best endeavors to procure placees to subscribe for up to 13.33 million shares placement, which represent approximately 20% of the company's existing issued share capital as of the date of this announcement, and approximately 16.67% after the subscription.
The placement price per share is HKD 0.43, at a discount of approximately 14% to the closing price of HKD 0.5 per share on the HKEX on the date of the placement agreement. The total proceeds from the placement are estimated to be about HKD 5.73 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 5.57 million.

NewTimeSpace Disclaimer:All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.