AEC Group (08320) plans to discount the stock offering by approximately 2.0%, raising a maximum net amount of approximately HK$14.164 million.

date
06:55 22/04/2026
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GMT Eight
Pei Ran Environmental Protection (08320) announced that on April 21, 2026, the company plans to issue a maximum of approximately 146.6 million shares through a placement agent, representing approximately 16.59% of the enlarged share capital. The price per share for the placement is 0.1 Hong Kong dollars, which is a discount of approximately 2.0% compared to the closing market price of 0.102 Hong Kong dollars per share reported on the Stock Exchange on the date of the placement agreement. The net proceeds from the placement are expected to be approximately 141.64 million Hong Kong dollars, with 10 million Hong Kong dollars to be used for operating capital for the development of new businesses in hydrogen energy, renewable energy, and sustainable supply chain; 3 million Hong Kong dollars to repay existing bank loans; and approximately 1.1 million Hong Kong dollars for administrative and company expenses.
AEC GROUP (08320) announced that on April 21, 2026, the company intends to issue a maximum of approximately 146.6 million shares through a placement agent, representing approximately 16.59% of the enlarged share capital. The shares will be sold at a price of 0.1 Hong Kong dollars per share, which is a discount of approximately 2.0% compared to the closing market price of 0.102 Hong Kong dollars per share reported on the Stock Exchange at the date of the placement agreement. The net proceeds from the placement are expected to be approximately 141.64 million Hong Kong dollars, with 10 million Hong Kong dollars intended for operating funds for new business development in hydrogen energy, renewable energy, and sustainable supply chain; 3 million Hong Kong dollars to repay existing bank loans; and approximately 1.1 million Hong Kong dollars for administrative and company expenses.