MIN FU INTL (08511) plans to offer a discount of approximately 18.52% to sell up to 5.182 million shares, raising approximately HK$3.17 million.

date
19:45 23/03/2026
avatar
GMT Eight
Folk International (08511) announces that on March 23, 2026, the company plans to allot up to 5.182 million shares for placement, equivalent to approximately 20% of the total number of shares issued on the date of this announcement; and after the full allotment and issuance of placement shares, the total number of issued shares will be approximately 16.66%. The placement price is HKD 0.66 per share, representing a discount of approximately 18.52% compared to the closing price of HKD 0.81 per share on March 23rd.
MIN FU INTL (08511) announced on March 23, 2026, that the company plans to offer up to 5.182 million shares for sale, equivalent to approximately 20% of the total number of issued shares as of the date of this announcement, and approximately 16.66% after the full issuance. The sale price for each share is HK$0.66, representing a discount of approximately 18.52% compared to the closing price of HK$0.81 per share on March 23. Upon completion, and assuming the sales agent successfully sells all the shares, the estimated total proceeds from the sale are approximately HK$3.42 million, with estimated net proceeds of approximately HK$3.17 million. The net proceeds from the sale are intended to be used to supplement the company's general operating funds.