News summary
Cat Coffee Holdings completes 2crashandthetitans.21 billion shares placementcrashandthetitans, sold at HK$0.144 per share, at a discount of 19.10% to market price, and expected net income of HK$30.94 million.
Newsletter text
Cat Coffee Holdings announced an agreement with a placing agent to issue up to 221 million shares
Cat Coffee Holdings (01869) announced after the trading hours on May 14, 2024 that it had entered into a placing agreement with the placing agent. Under the agreement, the company conditionally agreed to place up to 221 million placing shares to at least six independent third-party placees through the placing agent at a placing price of HK$0.144 per share. These placees include independent institutions and other professional investors.
During the allotment and issuance process of the placing shares, the company's issued share capital will remain unchanged. The placed shares account for up to 20% of the issued share capital as of the company's announcement date, and if fully placed, they will account for approximately 16.67% of the enlarged share capital. The placing price of HK$0.144 represents a discount of approximately 19.10% to the closing price of HK$0.1780 on the date of signing of the placing agreement.
{html}If all placing shares are allotted, it is expected that a net amount of approximately HK$30.94 million will be received.{html}
