PROSP INV HOLD Plans to Place 500 Million Shares at ~10% Discount, Raising Net Proceeds of About HK$42 Million
Deep News
Sep 08, 2025
PROSP INV HOLD (00310) announced that on September 5, 2025, the company plans to place 500 million placement shares, representing approximately 80.50% of the company's issued share capital as enlarged by the allotment and issue of the placement shares.
The placement price is HK$0.090 per placement share, representing a discount of approximately 10.00% to the closing price of HK$0.100 per share on March 28, 2024.
The gross proceeds and net proceeds from the placement are estimated to be approximately HK$45 million and HK$42 million respectively. The company intends to use the net proceeds of HK$42 million from the placement for investment acquisitions, redemption of convertible notes, and the group's general working capital.
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