Hainan Drinda New Energy Technology Co.,Ltd. (002865.SZ) announced that its board of directors has reviewed and approved a proposal for the company to exercise its general mandate to place new H-shares on the Main Board of The Stock Exchange of Hong Kong Limited.
The company intends to place 18.682 million newly issued H-shares to qualified independent investors at an offer price of HK$22 per share.
Assuming the placement shares are fully subscribed, the estimated net proceeds from the placement, after deducting all related fees, costs, and expenses, including commissions and levies, are approximately HK$411 million; based on this calculation, the estimated net price per placement share is approximately HK$3.98.
The company plans to allocate the net proceeds from the placement as follows: approximately 45% will be used for the research, development, and production of space photovoltaic cell-related products; approximately 45% will be used for equity investments and cooperation in the commercial aerospace sector, and as of the announcement date, aside from previously disclosed matters, the company has not entered into any binding agreements or substantive terms for specific acquisition or investment targets and is actively seeking suitable investment opportunities; and the remaining approximately 10% will be used to supplement the company's working capital.
Comments