HAO TIAN INTL (01341) plans to issue a discount of approximately 12.28% for the placement of up to 1.524 billion shares, raising approximately HK$300 million.

HAO TIAN INTL (01341) announced that on July 18, 2025, it entered into a placing agreement with a placing agent, whereby the company conditionally agreed to place up to a maximum of 1.524 billion shares at a placing price of HK$0.2 per share to not less than six subscribers, who are independent third parties from the company and its associates. The maximum of 1.524 billion shares for placing represents approximately 16.44% of the enlarged share capital after the placing shares are fully issued and allotted (assuming the number of shares issued by the company remains unchanged from the date of the placing agreement to the completion date). The placing price of HK$0.2 per share represents a discount of approximately 12.28% to the closing price of HK$0.228 per share reported by the Hong Kong Stock Exchange on July 18, 2025. Assuming all placing shares are fully placed, the estimated maximum net proceeds would be approximately HK$300 million. The company intends to use the estimated net proceeds from the placing for the general working capital of the group and/or to repay the group's debt.