News summary

Jiayi Holdings (01025slingobingo.HK) announcedslingobingo, 168.48 million shares were allotted at a price of HK$0.1 per share, and the subscription price was 38.89% higher than the market price. The rights issue is expected to raise approximately HK$16.8 million for group operations.

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Jiayi Holdings announced progress of private additional issuance

Hong Kong-listed company Jiayi Holdings (01025.HK) announced on May 23 that it has signed a subscription agreement with China Agricultural Chuanggang Cross-Border E-commerce Industrial Park Co., Ltd. According to the agreement, the latter agreed to subscribe for 168.48 million new shares at a subscription price of HK$0.1 per share, involving a total of approximately HK$16.8 million.

The 168.48 million new shares issued this time account for 20% of the company's total existing shares. If subscription is considered, it will account for 16.67% of the total share capital. It is worth noting that the subscription price is 38.89% higher than the closing price of the day, highlighting the capital market's positive expectations for the company's future development.

Jiayi Holdings plans to use the net proceeds of this additional issuance of approximately HK$16.7 million for the group's daily operations. This move will bring sufficient capital flow to the company to support its business expansion and operations.