DAZHONG DENTAL (02651) plans to offer approximately a 16.67% discount on its rights issue, with a maximum net proceeds of approximately HK$11.5 million.

date
21:47 24/06/2026
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GMT Eight
Public announcement by Oracare (02651): On June 24, 2026, the company intends to issue a maximum of 1.2 million shares through a placement agent to a minimum of six placees, at a price of HK$10.00 per share. This represents a discount of approximately 16.67% compared to the closing price of HK$12.00 per share on the Hong Kong Stock Exchange on June 24, 2026 (the date of the placement agreement).
DAZHONG DENTAL (02651) announced that on June 24, 2026, the company plans to issue up to 1.2 million shares through a placement agent to no fewer than six placees at a price of HK$10.00 per share. This represents a discount of approximately 16.67% compared to the closing market price of HK$12.00 per share on the Stock Exchange of Hong Kong on June 24, 2026 (i.e. the date of the placement agreement). Assuming all placement shares are fully placed and subject to completion, the maximum net proceeds from the placement will be approximately HK$11.5 million, with approximately 26.09% to be used for expanding advertising and promotional activities on various major online platforms, aiming to increase brand visibility and image coverage on multiple platforms (through appointing online advertising platforms and physical advertising agents); approximately 21.74% will be used for expanding business cooperation in market promotion and investor relations field to maintain and enhance the group's brand reputation among the public in Hong Kong and China; approximately 17.39% will be allocated to the upgrade of digital diagnostic equipment within the company's business scope, including the procurement of artificial intelligence-assisted diagnostic equipment, painless anesthesia systems, intraoral scanners, and other advanced diagnostic equipment to enhance diagnostic accuracy and customer satisfaction; approximately 17.39% will be used to enhance the overall level of dental services, including implementing standardized management and upgrading customer management systems, involving management systems, call centers, and member system development; and approximately 17.39% is intended for general working capital of the group.