Dashan Education Holdings Ltd., a company incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange under stock code 9986, has announced a private placement of new shares under a general mandate. The company has entered into an agreement with a placing agent to facilitate this transaction. The maximum gross proceeds from the placement are expected to be HK$49.20 million, with net proceeds estimated at approximately HK$48.65 million after expenses. The company plans to allocate around 80% of the net proceeds for the development and expansion of its consulting services, including brand empowerment and strategic acquisitions, while the remaining 20% will be used as general working capital. Dashan Education Holdings Ltd. is primarily involved in offering extracurricular programs and overseas education consultation services, as well as diversified consultancy services for entities.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.