HK Stock Market Move | YEAHKA (09923) surged more than 10% in intraday trading, completing the issuance of 19.15 million shares in the order of old shares first, then new shares.

YEAHKA (09923) rose more than 10% during intraday trading, rising by 10.03% to HK$7.79 as of press time, with a trading volume of HK$291.36 million. In terms of news, YEAHKA announced that the seller's placement and subscription were completed on January 9 and January 13, 2025, respectively. The net proceeds from the subscription, after deducting all applicable costs and expenses (including commissions, professional fees, and actual expenses), are estimated to be approximately HK$189 million. The announcement stated that all conditions of the seller's placement have been met and the seller's placement was completed on January 9, 2025. A total of 19.15 million placement shares were successfully placed at a price of HK$10.10 per share to no fewer than six professional, institutional, and/or individual investors, who, together with their respective ultimate beneficial owners, are independent of the seller's concert group and are not acting in concert with them, and are third parties independent of the Company or its related parties. There are no underwriters and their ultimate beneficial owners become major shareholders of the Company after subscribing to the placement shares. All conditions of the subscription have been met and the subscription was completed on January 13, 2025. A total of 19.15 million subscription shares (equivalent to the number of placement shares successfully placed according to the seller's placement) were subscribed by the seller to the subscription price of HK$10.10 per share. After deducting all expenses related to the subscription borne by the Company on behalf of the seller (including legal fees and other advisory fees), the net value of the subscription shares is approximately HK$9.88 per share. The subscription shares account for approximately 4.14% of the enlarged issued share capital of the Company after the subscription.