Platt Nera International Holdings Limited has announced a proposed private placement of new shares. On June 26, 2026, the company intends to allot and issue a total of 38.4 million new shares to a subscriber, Hong Kong Tiancao Ecological Technology Co., Ltd. This issuance represents 20% of the company's issued share capital as of the announcement date and approximately 16.67% of the enlarged issued share capital following the completion of the subscription.
The subscription price is set at HK$0.360 per share. This represents a discount of approximately 14.29% compared to the closing price of HK$0.420 per share on June 26. Assuming the full subscription of all new shares, the gross proceeds from the placement are expected to be around HK$13.824 million, with net proceeds estimated at approximately HK$13.699 million after deducting related expenses.
The company plans to allocate the net proceeds as follows. Firstly, about HK$6 million, or roughly 43.8% of the net funds, will be used for business development and operational enhancements in the ordinary course of the group's business. This includes expanding operational scale and supporting ongoing business activities.
Secondly, another HK$6 million, also equating to about 43.8% of the net proceeds, is earmarked for the group's general working capital and administrative expenses. These expenses cover items such as rental costs, employee salaries, corporate fees, legal and professional fees, and audit fees.
Finally, approximately HK$1.699 million, representing about 12.4% of the net funds raised, will be allocated to repay bank loans.
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