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Express News | Dowway Holdings FY Gross Profit RMB 16.43 Million
Express News | Dowway Holdings FY Gross Margin 11.72%
Express News | Dowway Holdings FY Pretax Profit RMB -6.58 Million
Express News | Dowway Holdings FY Revenue RMB 140.2 Million
DOWWAY: ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2024
DOWWAY plans to offer a discount of approximately 9.91% to issue 9 million shares, raising about 8.95 million Hong Kong dollars.
DOWWAY (08403) announced that on March 19, 2025, the company plans to allocate and issue a total of 9 million shares to three subscribers (Zhongtian Hongxin Strategy Co., Ltd., Ms. Hu Zhiqi, and Mr. Xu Linxin), which corresponds to approximately 6.62% of the company’s issued share capital after the issuance of the subscribed shares. The subscription price of 1.00 HKD per share represents a discount of approximately 9.91% compared to the closing price of 1.11 HKD on March 19. The estimated total and net proceeds from this subscription are expected to be 9 million HKD and approximately 8.95 million HKD, respectively, which will be used for the group's general working capital.