WEIMOB INC (02013) Plans to Issue 688 Million Subscription Shares at 8.87% Discount, Raising Net Proceeds of Approximately HK$1.555 Billion

Stock News
Sep 18

WEIMOB INC (02013) announced that the company (i) entered into a subscription agreement with subscriber Wuji Capital Management Limited on September 17, 2025 (after trading hours), pursuant to which the subscriber has conditionally agreed to subscribe for, and the company has conditionally agreed to issue and allot, an aggregate of 688 million subscription shares at a subscription price of HK$2.26 per subscription share; and (ii) entered into a placing agreement with the placing agent on September 17, 2025 (after trading hours) in relation to the subscription, pursuant to which the placing agent is principally engaged to facilitate the settlement of the subscription shares under the subscription agreement. The subscription price of HK$2.26 per share represents a discount of approximately 8.87% to the closing price of HK$2.48 per share as quoted on the Stock Exchange of Hong Kong on the date of the subscription agreement. The gross proceeds from the subscription will be approximately HK$1.556 billion. The net proceeds from the subscription will be approximately HK$1.555 billion. After deducting relevant fees and expenses, the net price per share is approximately HK$2.26 per share.

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