News summary
Intercontinental Aerospace Technology (01725blockchainmonsterhunter.HK) reached a subscription agreement with subscriber Mr. Li Xiaofeiblockchainmonsterhunter, proposed to be priced at 1 per shareblockchainmonsterhunter. 51 Hong Kong dollars issued 30 million sharesblockchainmonsterhunter, financing approximately HK$45 million, and the net proceeds will be used for the group's general working capital.
Newsletter text
Intercontinental Aerospace Technology successfully introduced Li Xiaofei as a strategic investor. On May 2, Intercontinental Aerospace Technology (01725.HK) announced that the company reached a subscription agreement with Mr. Li Xiaofei to allot and issue 30 million shares, accounting for 9.32% of the company's current share capital, and 8.52% of the issued share capital.
The subscription price is HK$1.51 per share, with a discount of nearly 20%. According to the announcement, the subscription price is HK$1.51 per share, which is approximately 19.68% discount to the closing price of HK$1.88 per share on the company's last trading day.
All of the proceeds will be used for the Group's working capital subscription. The total proceeds will be approximately HK$45.3 million. After deducting relevant expenses, the net amount will be approximately HK$45 million, and will be used for the Group's working capital.