GUDOU HLDGS (08308) plans to discount approximately 18.37% of the issuance of 100 million subscribed shares, raising approximately HK$11.7 million net.

GUDOU Holdings (08308) announced that on January 22, 2025, the company entered into a subscription agreement with a subscriber to issue 100 million subscription shares to the subscriber at a subscription price of HK$0.12 per subscription share. This represents a discount of approximately 18.37% compared to the closing market price of HK$0.147 per share on the date of the subscription agreement. Assuming all subscription shares are successfully issued, the net proceeds will be approximately HK$11.7 million, with 65% to be used for potential investment acquisitions and 35% for the general operating funds of the group.