Great World to Raise HK$2.40 Million via 32 Million-Share Placement at 2.6% Discount

Bulletin Express
06/22

Great World Company Holdings Ltd (Great World) has signed a conditional subscription agreement with independent investor Mr. Hou Yong to issue 32.00 million new shares under its existing general mandate.

Key Transaction Terms • Size & Structure: The placement will be executed in two equal tranches of 16.00 million shares each, for a total of 32.00 million new shares. • Pricing: Subscription price is set at HK$0.075 per share, reflecting a 2.6% discount to the 22 June 2026 closing price of HK$0.077 and a 3.6% discount to the five-day average closing price of HK$0.078. • Proceeds: Gross proceeds are expected to reach HK$2.40 million and are earmarked for general working-capital purposes. • Timeline: First completion is due within seven business days after regulatory approvals. The second tranche must close within two months of the first completion but no later than 22 September 2026. • Listing Approval: The shares will be issued under the company’s unused general mandate (66.45 million shares) granted at the 25 September 2025 AGM, and are subject to Stock Exchange approval for listing and dealing.

Shareholding Impact • Current issued share capital: 332.27 million shares. • Post-placement issued share capital: 364.27 million shares. • Dilution: The new shares equate to 9.63% of current outstanding shares and 8.78% post-enlargement. • Subscriber stake: Mr. Hou Yong will hold 32.00 million shares (8.78%) upon full completion. • Public float remains above 25% following issuance.

Strategic Rationale Management views the placement as an expedient, non-dilutive (within mandate) method to strengthen liquidity for ongoing operations across its three core segments—intelligent advertising, agricultural & forestry products and consumer goods, and supply-chain services—while simultaneously broadening the shareholder base.

Fund-Raising History The company has not undertaken any equity financing exercises in the 12 months preceding this announcement.

Cautionary Note Completion is contingent upon Stock Exchange approval and other customary conditions. Investors are advised to exercise caution when dealing in Great World shares pending finalisation of the transaction.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10