HATCHER GROUP (08365) Plans to Place Shares at 11.29% Discount, Targeting Net Proceeds of HKD 29.6 Million

Stock News11-04

HATCHER GROUP (08365) announced that on November 4, 2025, the company entered into a placing agreement with a placing agent. The company intends to place up to 18 million new shares at HKD 1.65 per share to no fewer than six placees, representing an approximately 11.29% discount to the closing price of HKD 1.86 per share on the date of the agreement.

Assuming full subscription of the 18 million placing shares, the net proceeds are expected to be around HKD 29.6 million. Approximately 80% of the proceeds will be allocated for general working capital purposes, while the remaining 20% will be used for marketing and investor relations expenses.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment