TR INTERIORS (06162) announced that on April 17, 2026, the company entered into a placement agreement with a placing agent. According to the agreement, the placing agent, acting on behalf of the company, has conditionally agreed to use its best efforts to procure no fewer than six placees, all of whom are independent third parties, to subscribe for up to 400 million placement shares at a price of HK$0.138 per share. The placement shares will be allotted and issued under the general mandate granted to the directors at the annual general meeting held on June 25, 2025.
Assuming no change in the company's issued share capital between the date of this announcement and the completion of the placement, the maximum number of placement shares represents approximately 20% of the company's existing issued share capital of 2 billion shares as of the announcement date. Furthermore, it represents approximately 16.67% of the company's issued share capital as enlarged by the allotment and issuance of the placement shares. The total nominal value of the maximum number of placement shares under the placement will be HK$4 million.
The placement price of HK$0.138 per share represents a discount of approximately 17.4% to the closing price of HK$0.167 per share as quoted on the Stock Exchange on the date of the placement agreement. The maximum gross proceeds and maximum net proceeds from the placement, after deducting placing commissions, professional fees, and all related expenses payable by the company, are expected to be approximately HK$55.2 million and HK$54.9 million, respectively.
Comments