ZHONG JIA GX (00899) plans to offer a discount of approximately 12.5% on the placement of up to 29.677 million shares, with net proceeds of around HKD 3.95 million.

22:22 24/08/2026

China Canada International (00899) announced that on August 24, 2026, the company plans to place a maximum of 29.677 million placement shares, representing 6.66% of the company's issued share capital as of the date of this announcement, and approximately 6.25% of the company's issued share capital after expansion of the maximum number of shares placed. The offer price per placement share is HK$0.140, a discount of about 12.50% compared to the closing price of HK$0.160 per share on August 24. Assuming that the placement shares are fully placed, the total gross and net proceeds from the placement are expected to be approximately HK$4.15 million and HK$3.95 million, respectively. The company intends to use the net proceeds for the group's general working capital.

ZHONG JIA GX (00899) announced that on August 24, 2026, the company plans to allocate up to 29.677 million placement shares, representing 6.66% of the company's issued share capital as of the date of this announcement, and approximately 6.25% of the company's issued share capital after the maximum number of placement shares is issued. The placement price for each share is HKD 0.140, which is a discount of about 12.50% compared to the closing price of HKD 0.160 per share on August 24. Assuming all placement shares are fully placed, the total amount raised from the placement and the net proceeds will be approximately HKD 4.15 million and HKD 3.95 million, respectively. The company intends to use the net proceeds for the general working capital of the group.

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