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Unanet's Champions 2025 Conference for Government Contractors, AEC Firms to Focus on Value, Growth and Navigating Uncertainty
AEC GROUP plans to issue up to 36 million shares at a discount of approximately 7.41%, raising a net amount of about 3.45 million HKD.
AEC GROUP (08320) announced that on January 24, 2025 (after the trading session on the Stock Exchange), the company (as the issuer) entered into a placement agreement with the placing agent, under which the placing agent conditionally agrees to place up to 36 million placement shares at a placement price of HKD 0.10 on a best effort basis, and will receive a placing commission of 2.0% of the total placement price of the shares placed. The placement price, as of the date of the placement agreement, represents a discount of approximately 7.41% to the closing price of HKD 0.108 per share reported on the Stock Exchange. The net proceeds from the placement (after deducting other expenses related to the placement) will amount to approximately HKD 3.45 million.
Express News | Allied Sustainability and Environmental Consultants - to Issue 36 Mln Placing Shares at Price of HK$0.10 per Share
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