SIRNAOMICS-B Announces Private Share Placement at a Discount, Raising Approximately HK$11.3 Million

Stock News05-25

SIRNAOMICS-B (02257) has announced a proposal to issue 2.4356 million new shares to a subscriber, Mr. Xie Shuohao, the Vice President of the Group Enterprise Management Department. The shares represent approximately 2.22% of the company's existing issued share capital and about 2.17% of the enlarged share capital post-issuance. The subscription price is set at HK$4.69 per share, representing a discount of approximately 15.34% compared to the closing price of HK$5.54 per share on May 22. The gross proceeds from this placement are expected to be around HK$11.4 million, with net proceeds estimated at approximately HK$11.3 million. The company intends to allocate the net proceeds for general working capital purposes.

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