XtalPi Holdings Limited has announced the completion of a placement of new shares under a general mandate. The placement involved not less than six placees at a price of HK$9.28 per share, accounting for approximately 6.64% of the company's enlarged issued share capital. The total gross proceeds from the placement amounted to approximately HK$2,653.3 million, with net proceeds of around HK$2,629.8 million after deducting applicable costs and expenses. The company plans to use the net proceeds for business development, market expansion, and investment opportunities, with any unused funds potentially held in short-term deposits or used to purchase short-term wealth management products.
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