PROSP GP INTL (01421) Proposes Placement of Up to 33.365 Million Shares at Approximately 19.05% Discount, Aiming to Raise Net Proceeds of ~HK$10.54 Million

Stock News
Jan 06

PROSP GP INTL (01421) announced that on January 6, 2026, the company entered into a placement agreement with a placing agent. The placing agent has conditionally agreed, on a best-efforts basis, to act as the company's agent to procure no fewer than six placees to subscribe for up to 33.365 million placing shares at a placing price of HK$0.34 per share. The placing shares represent approximately 16.67% of the total number of issued shares as enlarged by the issue and allotment of the placing shares. The placing price of HK$0.34 per share represents a discount of approximately 19.05% to the closing price of HK$0.42 per share as quoted on the Stock Exchange on the date of the placement agreement. Assuming the placing shares are fully subscribed, the gross proceeds from the placing are expected to be approximately HK$11.34 million, while the net proceeds are anticipated to be around HK$10.54 million, implying a net issue price of approximately HK$0.32 per placing share. The company intends to use the entire net proceeds from the placing for the group's general working capital purposes.

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