ALLUREFEM HLDG (08305) proposes to issue approximately 9.84% of its shares at a maximum net proceeds of approximately HKD 112.04 million.

ALLUREFEM HLDG (08305) announced on November 20, 2024, that the company plans to issue up to 210 million shares through a placement agent to subscribers at a price of HK$0.055 per share, representing a discount of approximately 9.84% to the closing market price of HK$0.061 per share on the date of the placement agreement. Assuming all the shares are successfully placed by the placement agent, the expected total proceeds from the placement will be approximately HK$11.55 million, with a net fundraising of approximately HK$11.204 million. Approximately HK$2 million will be used to repay bank borrowings, and approximately HK$9.204 million will be used for general operating expenses of the group.