MOG DIGITECH (01942) offers a discount of about 14.52% to sell up to 155 million shares. The net proceeds amount to about HK$81.33 million.

MOG DIGITECH (01942) announced that after the trading session on September 16, 2024, the company has entered into a placement agreement with the placing agent. The company agrees to place up to 155 million shares at a placing price of HK$0.53 per share to at least six placees. Assuming there are no other changes to the company's share capital as of the date of this announcement and until the completion date, and all 155 million shares are successfully placed, the placing shares would represent approximately 16.67% of the total issued share capital of the company after the placement. The placing price of HK$0.53 per share represents a discount of approximately 14.52% compared to the closing price of HK$0.62 per share on the Stock Exchange on September 16. Assuming all 155 million placing shares are successfully placed, the total proceeds from the placement are estimated to be approximately HK$82.27 million. After deducting the estimated expenses of the placement, the net proceeds from the placement are estimated to be approximately HK$81.33 million.