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GIANT BIOGENE: Top-up Placing at 9.5% Discount for ~$2.3B Net Proceeds
Recommend 4 Positive 7 Negative 4 |
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GIANT BIOGENE (02367.HK) announced a Placing of up to 35 million shares of the company, representing 3.27% of the enlarged share capital. The Placing Price is HKD66.65 per share, reflecting a 9.5% discount to the closing price on the previous trading day (16th). The gross proceeds raised amount to HKD2.333 billion, with net proceeds of HKD2.294 billion. The net proceeds from the Placing and Subscription are proposed to be used for the development of core business and its ecosystem, including but not limited to brand promotion, marketing, category expansion, overseas business and R&D investment; and replenishment of liquidity and general corporate purposes. AAStocks Financial News |
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