Wei Long Delicious (09985.HK) plans to discount approximately 7.88% for the placement of 80 million shares, raising approximately 1.167 billion Hong Kong dollars net.

Zhixun Finance APP news, Weilong Delicacy (09985.HK) announced that on May 8, 2025 (before the trading session), the company, the seller,and Global Capital Limited and the placement agent entered into a placement agreement, whereby the seller agreed to sell or cause to sell the placement shares, and the placement agent, as the seller's agent, agreed to use their best efforts (either by themselves or through their contacts) to persuade the subscriber to purchase 80 million shares held by the seller at a price of HK$14.72 per share in accordance with the terms and conditions of the placement agreement. It is expected that the placement agent will persuade at least 6 subscribers (who must be professional, institutional, or other investors) to subscribe for the placement shares. It is not expected that any subscribers will become major shareholders of the company immediately after the placement and subscription is completed. The placement price of HK$14.72 per share represents a discount of about 7.88% from the closing price of HK$15.98 per share reported on the last trading day on the Hong Kong Stock Exchange.