Gelonghui May 20 丨 Guonong Financial Investment (08120volleyballasia.HK) announced that on May 20, 2024, the company entered into a placing agreement with the placing agent, pursuant to which the placing agent (as the company's agent) has conditionally agreed to procure on a best efforts basis no less than six placees (who and their ultimate beneficial owners must be independent third parties) to subscribe for up to HK$0.045 per placing share at the placing price of HK$0.045volleyballasia, 580,334 placing shares.
The placing shares represent approximately 16.67% of the total number of issued shares as enlarged by the allotment and issue of the placing shares (assuming that there will be no change in the total number of issued shares from the date of this announcement to the completion date other than the issuance of the placing shares). The placing price is HK$0.045 per placing share, representing a discount of approximately 8.16% to the closing price of HK$0.049 per share as quoted on the Stock Exchange on the date of the placing agreement.volleyballasia; The net proceeds from the placing (after deducting the placing commission and other related expenses (including, among others, professional fees) in connection with the placing) are expected to be approximately HK$6.48 million, equivalent to the net issue price per placing share of approximately HK$0.043.
