ZIJING INTL FIN (08340) has announced that the conditions for the share placement have been fulfilled, and a total of 13.33 million placement shares were allotted and issued on July 27, 2026.
In accordance with the terms and conditions of the placement agreement, the shares were placed at a price of HK$0.43 per share to no fewer than six placees.
The net proceeds from the placement, after deducting commissions and other related expenses, are approximately HK$5.57 million. These funds will be used for the general working capital of the group.
The placement shares represent approximately 20.00% of the company's existing issued share capital immediately prior to the completion of the placement, and approximately 16.67% of the company's enlarged issued share capital following the completion of the placement.
To the best of the directors' knowledge, information, and belief, having made all reasonable inquiries, the placees and their respective ultimate beneficial owners are all independent third parties.