CH Treasures NM (02439) plans to offer a discount of about 20% for the sale of up to 200 million shares, raising a net amount of approximately HK$45.4 million.
Zhongbao New Materials (02439) announced that on April 1, 2026, the company plans to issue up to 200 million shares of shares for sale, equivalent to approximately 20.00% of the company's issued share capital as of the date of this announcement; and the company's issued share capital after the issuance and sale of the shares will be approximately 16.67%.
The offer price for each share is 0.228 Hong Kong dollars, which represents a discount of approximately 20.00% compared to the closing price of 0.285 Hong Kong dollars per share on April 1.
Assuming all shares for sale are fully subscribed, the net proceeds from the offering are estimated to be approximately 45.4 million Hong Kong dollars. The company plans to use the net proceeds for purchasing production materials, developing new products, and promoting company products.
CH TREASURES NM (02439) announced that on April 1, 2026, the company plans to allocate up to 200 million shares for private placement, representing approximately 20.00% of the issued share capital as of the date of this announcement; and the issued share capital of the company, after the issuance and allocation of the placement shares, will be approximately 16.67%.
The placement price for each share is HK$0.228, which is a discount of approximately 20.00% from the closing price of HK$0.285 per share on April 1st.
Assuming all placement shares are fully allocated, the estimated net proceeds from the placement is approximately HK$45.4 million. The company intends to use these proceeds to purchase production materials, research and develop new products, and promote company products.
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