GAODI HOLDINGS (01676) Shareholder Transfers HK$8.757 Million Worth of Shares from KGI Asia to Futu Securities International (Hong Kong)

Stock News12-17 08:36

Latest Hong Kong Stock Exchange filings reveal that on December 16, a shareholder of GAODI HOLDINGS (01676) transferred shares valued at HK$8.757 million from KGI Asia to Futu Securities International (Hong Kong), representing 6.34% of holdings.

On December 9, GAODI HOLDINGS announced plans to place up to 43.849 million new shares, equivalent to approximately 16.67% of the company's enlarged issued share capital. The placement price was set at HK$0.52 per share, representing a 14.75% discount to the closing price of HK$0.61 on December 9.

Assuming full subscription, the net proceeds from the placement are estimated at approximately HK$22.39 million. The board intends to allocate the funds as follows: 50% for existing food business operations, 30% for current catering operations, and 20% for general working capital purposes.

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