GAODI HOLDINGS (01676) Completes Placement of 39.184 Million Shares, Raises Net Proceeds of Approximately HK$20 Million

Stock News2025-12-30

The placement agreement's conditions have been fully satisfied, and the completion of the placement was finalized on December 20, 2025. A total of 39.184 million placement shares, representing approximately 15.16% of the company's enlarged issued share capital following the issuance, were successfully placed with no fewer than six placees at a price of HK$0.52 per share, in accordance with the terms of the placement agreement. The gross proceeds from the placement amounted to approximately HK$20.38 million. The net proceeds, after deducting placement commissions and other related expenses, are approximately HK$20 million. The company intends to fully utilize these funds by December 2026 for the following purposes: approximately 50% will be allocated to the group's existing food business; around 30% will be used for the group's existing catering business; and the remaining 20% is designated for the group's general working capital.

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