STERLING GP (01825) plans to issue shares at a discount of approximately 19.53%, raising about HKD 55.9 million.
STERLING
GP(01825) announced that on September 4, 2026, the company plans to issue up to 8.2944 million placement shares to no less than six placees through a placement agent, at a price of HKD 6.80 per share, representing a discount of approximately 19.53% to the closing price of HKD 8.450 on that day. Assuming all placement shares are allocated, the net proceeds are expected to be about HKD 55.9 million, which will be used for the groups clothing business and general working capital purposes.
STERLING
GP(01825) announced that on September 4, 2026, the company intends to issue up to 8.2944 million placement shares through placement agents to no fewer than six subscribers, at a price of HK$6.80 per placement share, representing a discount of approximately 19.53% to the closing price of HK$8.450 on that day. Assuming all placement shares are subscribed, the net proceeds will be approximately HK$55.9 million, intended for the Group's apparel business and general working capital purposes.
Related Articles
Greentown China (03900) achieved a total contract sales amount of approximately 122.8 billion yuan in the first eight months.
Guangdong Guangzhou Daily Media (002181.SZ) subsidiary plans to invest 28 million yuan to subscribe for private equity investment fund shares.
On September 4, JXR (01951) invested approximately HKD 2.9991 million to repurchase 1.36 million shares.
Greentown China (03900) achieved a total contract sales amount of approximately 122.8 billion yuan in the first eight months.
Guangdong Guangzhou Daily Media (002181.SZ) subsidiary plans to invest 28 million yuan to subscribe for private equity investment fund shares.
On September 4, JXR (01951) invested approximately HKD 2.9991 million to repurchase 1.36 million shares.
RECOMMEND
