HATCHER GROUP (08365) plans to offer a discount of about 34.07% on the subscription of 9.48 million shares, with a net amount of approximately HKD 11.27 million.

date
16/09/2025
avatar
GMT Eight
Yichen Group (08365) announced that on September 16, 2025, the company, controlling shareholder, and buyer (i.e. six...
HATCHER GROUP (08365) announced that on September 16, 2025, the company, its controlling shareholder, and the purchasers (six individual investors) entered into a sale and subscription agreement. Under this agreement, the controlling shareholder plans to sell 9.48 million shares of the company's sales shares to the purchasers, representing approximately 5.54% of the company's issued share capital on the date of this announcement, for a total cash consideration of HK$113.76 million (i.e., HK$1.2 per share of sales shares); and the company will issue 9.48 million subscription shares to the controlling shareholder at a subscription price of HK$1.2 per new share, representing a discount of approximately 34.07% from the closing market price of HK$1.82 per share on the Stock Exchange of Hong Kong on that day. The net proceeds from the subscription will be approximately HK$112.76 million and are intended for general corporate purposes.