CHINA SAFTOWER (08623) Plans to Issue Shares at a Discount of 18.6%, Targeting Net Proceeds of Approximately HK$3.15 Million

Stock News2025-10-21

CHINA SAFTOWER (08623) announced on October 21, 2025, that the company plans to issue up to 31 million placement shares, representing approximately 16.56% of the company's issued share capital after the placement. The placement price is set at HK$0.105 per share, which reflects an 18.60% discount to the closing price of HK$0.129 per share on October 21. Assuming all placement shares are fully placed, the total proceeds from the placement will be approximately HK$3.255 million, with net proceeds estimated at around HK$3.15 million. The company intends to use the net proceeds for general working capital, aiming to improve the financial position of the group and support the establishment and enhancement of its existing and future businesses.

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