Jihong says gross proceeds from placing ~HK$114.7 mln

Jihong announced that it has successfully raised approximately HK$114.7 million in gross proceeds through a recent share placement [1]. The placement is part of the company’s strategy to strengthen its financial position and support ongoing business operations. The funds will be allocated toward general corporate purposes, including potential expansion initiatives and working capital requirements.

The placement was conducted at a discount to the company’s recent trading price, reflecting efforts to attract institutional and strategic investors. The transaction was completed in accordance with applicable regulatory guidelines and market practices.

The company emphasized that the placement will not result in any change to its existing controlling shareholder structure. Jihong also noted that the transaction is expected to enhance its liquidity and provide flexibility for future growth opportunities.

Investors are advised to review the company’s official disclosures for further details regarding the placement and its implications for the company’s financial outlook.