LEPU BIO-B(02157) intends to offer a total of 93.825 million shares for a net fundraising of approximately HK$463 million.

date
04/07/2025
avatar
GMT Eight
LuPu Biological-B (02157) announces that on July 4, 2025 (before the trading session), the company...
LEPU BIO-B(02157) has announced that on July 4, 2025 (before the trading session), the company (as the issuer) has entered into a placing agreement with the placing agent. According to this agreement, the company conditionally agrees to issue, and the placing agent conditionally agrees to use its best efforts as the company's agent to facilitate the placing of a maximum of 93.825 million shares at a placing price of HK$5.02 per H share. The placing price represents a discount of approximately 10.99% compared to the closing market price of HK$5.64 per H share on the last trading day on the Stock Exchange. Assuming all the placing shares are successfully placed, the estimated total net proceeds from the placing is expected to be approximately HK$463 million. Based on this estimate, the net price per placing share is estimated to be approximately HK$4.93.