HUAYU EXPRESSWAY Plans Share Placement at 19.27% Discount to Raise Up to HK$50.56 Million
Stock News
Feb 11
HUAYU EXPRESSWAY (01823) announced that on February 11, 2026, the company intends to place up to 58.5 million shares through a placing agent to no fewer than six placees at a price of HK$0.88 per share. This represents a discount of approximately 19.27% compared to the closing price of HK$1.09 per share on the last trading day on the Stock Exchange. The maximum net proceeds from the placement are estimated to be around HK$50.56 million. Approximately 80% of the funds will be used to cover employee compensation, rent, professional fees, and other administrative expenses of the group, while the remaining 20% will be allocated for sales, promotion, and marketing expenditures.
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