(Infocast News) SINOHYTEC(02402) dropped 6.22% to HK$25.02 on placing.
The company annouced today that the compmay has conditionally agreed to place up to 8,880,000 new H Shares at HK$22.68 per H Share which represents a discount of approximately 14.99% to the closing price of HK$26.68 per H Share as quoted on the Stock Exchange on December 15, 2025.
It is expected that the gross proceeds and net proceeds to be received by the Company from the Placing, after deducting related fees and expenses, are estimated to be approximately HK$201.40 million and approximately HK$197.72 million respectively (90% for repayment of bank loans with a total aggregate principal amount of approximately HK$531,000,000 for 53 bank loans, ranging from approximately HK$59,000 to approximately HK$128,000,000, with maturity dates covering the period from December 2025 to September 2026; and (2) 10% for general working capital of the Group including rental costs, staff expenses,
professional fee and other administrative expense of the Group)
The Placing Shares represent approximately 3.69% of the Company’s issued share capital as enlarged by the allotment and issue of the Placing Shares.
(SY)
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