ZYY Finalizes Issuance of 86 Million Subscription Shares, Raising Approximately HK$42.5 Million Net

Stock News
昨天

ZYY Group Holdings Limited has announced that all conditions under the subscription agreement have been fulfilled, and the subscription was completed on April 16, 2026, in accordance with the terms and conditions of the agreement. A total of 86 million subscription shares have been allotted and issued to the subscriber. This represents 20.00% of the company's total issued share capital immediately prior to the completion and 16.67% of the enlarged total issued share capital following the allotment and issuance of the subscription shares. The net proceeds from the subscription are estimated to be approximately HK$42.5 million, after deducting related expenses. The company intends to use the net proceeds from the subscription as working capital for the group. Approximately 20% will be allocated to cover the group's ongoing administrative and operational expenses, while about 80% will be used for purchasing trade goods for the group's medical device and consumables trading business.

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