FUTURE DATA(08229) that, on January 26, 2023, the company intends to place up to a total of 80 million placement shares to no less than six places through a placement agent, accounting for approximately 16.67% of the larger share capital, and each share setting 0.22 Hong Kong dollars, about 18.52% discount to the closing price of 0.270 Hong Kong dollars per share on that day.
Assuming all placement shares are successfully placed in accordance with the placement agreement, the net proceeds from the placement will be approximately HK$17.2 million, which is intended to be used to repay debts and add to the working capital of the Group to support its business operations.
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